BUDGET 2024: Gov’t building 1,134 more houses with $78B to advance housing programme 

The sum of $78 billion is allocated in the 2024 national budget to further develop housing infrastructure country-wide.

This is an increase from the $52.7 billion spent for the construction of roads, drains and bridges in the respective housing areas in 2023.

Since 2020, over 30,000 house lots have been allocated in pursuit of the government’s target to distribute 50,000 lots during the government’s first term, Finance Minister Dr. Ashni Singh said as he presented the 2024 budget.

And with 6,822 land titles and transports delivered to residents since 2020, another 5,000 will be distributed in 2024.

“We are continuing to build affordable homes to support all income categories,” Dr. Singh said.

To support this, he pointed out that since 2020, some 1, 165 homes have been completed and works are ongoing for the construction of 1,134 additional homes.

For low-income earners, 706 homes were completed in areas including Anna Catherina, Edinburg, Great Diamond, Leonora, Lethem, Nappi, Ordnance Fortlands, Prospect, Williamsburg/Hampshire and Yakarinta, and works are in progress for the construction of 487 more homes.

For moderate-income earners, 370 houses were completed at Amelia’s Ward, Cummings Lodge and Little Diamond, and works are ongoing for the construction of 222 more homes.

For young professionals, 89 homes were completed, while works are in progress for the construction of 425 additional homes at La Bonne Intention, Little Diamond, Prospect and Providence.

Under the Lethem Housing Support Initiative, 320 persons prequalified for loans, 100 applications were approved, 12 homes were completed, and 36 homes are currently being constructed.

With the growing housing demand, Dr. Singh said too that infrastructure development works will advance in several areas including Amelia’s Ward, Balthyock, Burma, Charity, De-Endragt, De Kinderen, Golden Grove, Good Hope, Great Diamond, Hope, La Bonne Intention, Leonora, Le Ressouvenir, Lethem, No. 75 and 76 Villages, Palmyra, Peter’s Hall, Shieldstown and Stewartville.