Gov’t has negotiated US$30m loan for housing scheme infrastructure

– Finance Minister

Government has negotiated a US$30M loan for the provision of quality public infrastructure in existing housing schemes and housing subsidies for home improvements and core homes, Finance Minister Winston Jordan announced yesterday.

During his presentation of the 2018 National Budget, Jordan told the National Assembly that in an effort to address the issue of housing needs for low income families, government has concluded negotiations for a US$30 million loan to improve occupancy of existing housing schemes through the provision of quality public infrastructure as well as the provision of housing subsidies for home improvements and core homes.

Jordan did not reveal who government negotiated with.

Additionally,  he said a further 164 full-house replacement subsidies and 38 roof replacement subsidies are anticipated to be disbursed under the Hinterland Sustainable Housing Programme which is allocated $240 million in 2018.

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