100 persons sign on to Lethem housing support scheme
The first one hundred beneficiaries of the Lethem Housing Support Programme signed their agreements on Saturday with the Ministry of Housing and Water’s, CHPA to move forward with the construction of their homes.
Minister of Housing and Water, Collin Croal led the exercise along with the Chief Executive Officer of the Central Housing and Planning Authority (CHPA), Sherwyn Greaves. Regional Chairman, Brian Allicock and Mayor of Lethem, John Macedo. It was held at the CHPA Regional Office in Lethem, Region Nine.
A release from the CHPA noted that the Lethem Housing Support Programme is the brainchild of President Irfaan Ali. The agency will be constructing a $3 million low-income home and providing $1 million in support to each beneficiary for the building cost. The Ministry will also be partnering with the New Building Society, Republic Bank (Guyana) Ltd. and the Guyana Bank for Trade and Industry, as they will be offering loans to the tune of $2 million, at a rate of 3.5% to the prospective homeowners.
The release said that Croal stated that the programme is aimed at promoting occupancy in housing schemes. He said that assessments will show close to 300 empty allocated lots in nearby schemes such as Tabatinga and Culvert City.
“So what we also do in addition to allocations is to recognize and have support programmes that have home construction and homeownership at the fore,” Croal said.
Greaves stated that the project is also aimed at job creation and improving the regional economy.
“We are pleased to say that all the contractors are from Region Nine, all the timber and bricks are from Region Nine [and] all the workers that will be working on these houses will be from Region Nine,” the CEO stated. During the event, agreements were also signed between CHPA and the first two villages: Surama and Kwatamang for the supply of clay blocks.
In addition, Expressions of Interest have been published for lumber and other hardware materials to construct the homes. In another two weeks these contracts are expected to be awarded.
The release said that some six hundred land allottees in Lethem are expected to benefit from the programme. With support provided by the government, the allottees will not be required to provide collateral to the banks.
They will also benefit from the government’s Steel and Cement Housing Subsidy for the construction of their foundation. The first set of homes are scheduled for completion during the first quarter of 2023.
Approximately forty house lots were also distributed at the event. This will add to close to 19,000 house lots allocated by the Ministry since 2020, the release said.