Sample ADS:
- ONLY about $190.00 Per Month
- LIVE MODERN... AT BOLE HOMES
- From ONLY $19,003.00

Dear Home Buyers:

The Bole Housing Project is a novel concept in building middle income housing. The builder Continental Homes, Ethiopia Pvt. Ltd. Company (a subsidiary of American Standard) has long years of experience in building similar housing communities in Asia and Latin America. Unique in Africa, the project arose in response to the acute housing shortage in Addis Ababa. The project underwent six years of extensive studies to determine the kind of house that would best meet local needs within a certain price range. The project is financed by the Federal Home Loan Bank of Boston and necessary guarantees have been provided by USAID and the Imperial Ethiopian Government. To assure standard housing, a full team of engineers from U.S.A.I.D. and the Ethiopian Ministry of Public Works certified and approved the drawings and specifications of the house before construction began. Your Bole Home is built on a 360,000 sq. meter subdivision of the Prince Sahle Selassie Haile Selassie Village in the Bole District of Addis Ababa. Access to the site will be provided by the existing 4 lane Airport Highway and a connecting public road to be soon built. In all there will be over 700 homes like yours.

Who will be eligible to buy a Bole Home?
To be an eligible homebuyer you must be a national of Ethiopia enjoying a good reputation and a secure minimum monthly income of about Eth. $600.00. Prospective homebuyers must establish a savings account with the Imperial Savings and Home Ownership Association located on the ground floor of the Lion House on Ras Desta Damtew Avenue. ISHOPA will screen the applicants by determining their income and credit worthiness. Homebuyers, in addition, must enter into the Bole Homeowners' Association for which monthly dues of Eth. $2.00 are included in the monthly installments. The Homeowners' Association will be responsible for protecting the general welfare and administering the joint affairs of the Bole Community.

What kind of a house is a Bole Home?
A typical Bole Home is duplex of 75 sq.meters on a lot varying from 240 to 800 sq.meters. The duplex design was chosen to reduce costs. A limited number of single houses are also available at slightly higher prices.

Community Services:
Your Bole Home will be situated in a planned community with paved streets and sidewalks, a modern sanitary sewage system, EELPA electrical distribution system, street lighting, water supply system, and fire hydrants. A 12 room primary school, as well as parks and recreational areas. The developers, Continental Homes are also trying to get a post office, a police station and a medical clinic for the Bole Community. While homeowners will have access to all these privileges, some restrictions will be imposed to protect the welfare of the community.
- Homeowners will not be allowed to use the house for commercial purposes.
- Animals, other than acceptable pets will be forbidden on the property.
- Homeowners will not store noxious or dangerous materials on the property.
- No buildings or facilities will be constructed other than those approved by ISHOPA.

The Advantage of the Bole Plan:
Remember that the biggest advantage of the Bole scheme is that by paying a monthly sum (less than the normal rent for such a house), you can own a home in twenty years. While rents in Addis Ababa are bound to go up in the next few years, your combined monthly payment, however, will stay constant at $190.00 for the next TWENTY YEARS. Besides, the value of a Bole Home is expected to jump 2 to 3 times its original value with the passage of time. A Bole Home therefore, is a real investment which you can pass on to your children.

Before you decide, why not inspect the Bole sample house on the home site?
You can come anytime in the morning and afternoon.
Our staff will be glad to show you around.