|Lesotho Housing and Land Development Corporation (LHLDC) was established under the LHLDC Order No 12, 1988 as amended, by the Minister of the Interior, Chieftainship Affairs and Rural Development which is now the Ministry of Local Government and Chieftainship (MLGC). It was established as a body corporate with perpetual succession. The Corporation has two (2) shareholders, the Government of Lesotho (Majority shareholder) and the Lesotho National Development Corporation (Minority shareholder). As a Corporate body it has the power to sue and be sued. It performs all duties imposed upon it and exercises all powers conferred upon it by or under the LHLDC Order.|
|The LHLDC is the product of a merger between the then Lower Income Housing Company (LEHCO-OP) and Lesotho Housing Corporation (LHC). While the two (2) defunct institutions were purposely established to serve specific income groups, being low and middle income, the new Corporation established per Order No. 12 of 1988 as amended was mandated to assist all Basotho access shelter.|
The LHLDC is a self-financing parastatal mandated to provide shelter and housing to meet the requirements of people in Lesotho. The principal business of the Corporation is to build houses for sale, provision of rental accommodation and serviced sites for residential and commercial purposes.
To fulfil the requirements of the mandate, the LHLDC performs the following functions: