By Financing 70% of the Church House project,
"What is so special about this project is that the church is also participating not just in offering land that it has held for 50 years, but by contributing 30%. If it was 100% financed by the bank on a loan, the sense of ownership would be weak," he said.
To raise the 30% financing, the dioceses under the Province of the
"The way this project was designed is that if we complete in December and in January we have tenants, we'll be sharing almost equally the rental income. The Church will be taking about 45% of the income and
The loan from
He told the gathering of Bishops there had been various challenges during the construction process but these hiccups have brought forth invaluable knowledge that will be vital going forward.
Having commenced construction of the Church House in
Former Archbishop Henry Luke Orombi said: "I know there has been a lot of anxiety; when are we completing the project? how are we managing the project? This was a dream that the church had cherished for nearly 50 years.' I am glad that in just four years, this dream is becoming a reality," he explained.
Mwangi concluded his speech by extending an invitation to the rest of dioceses to choose
"If we can actualize a dream of
"We can choose to make our church great by helping our followers achieve their personal dreams. Their dreams may not be as big as Church House, but may be as simple as getting a better education for their children. I want to appeal to you; you may not be bankers, that is why we are here. If you raised your hands to the Lord, then we will win in empowering your followers," he noted.
In response, Bishop Stanley Ntagali, the
"There is a growing list of quality tenants who are interested in renting space in Church House. I am happy that
The Church House project estimated to cost
Plans for Church House as a commercial real estate enterprise were first drawn up by the
The original proposed site for Church House was on
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