IDB-funded housing programme taken to Sophia

The Central Housing and Planning Authority (CH&PA) yesterday launched its first Adequate Housing and Urban Accessibility Programme at ‘C’ Field, Sophia. 

According to a Department of Public Information (DPI) press release, the programme which is being done in collaboration with the Inter-American Development Bank (IDB), started last year and provides two housing initiatives; the Core Home Support and Home Improve-ment Subsidy.

The Core Home Support offers a 400 square foot, flat concrete building, at a cost of $4 million. Qualified applicants are required to make a downpayment of $100,000 towards the construction while the Home Improving Subsidy provides a grant of $500,000 for materials.