The cost of owning a land and house package is set to go down this year. So says Chairman Timothy Mangal, who outlined his ambitious plans for the sector in a media interview prior to the start of Tuesday’s Senate sitting on the appropriations bill.
1.5 million dollars has been allocated in the 2018/2019 budget for the Housing Construction program. The National Housing Corporation (NHC) has laid the ground for a number of housing development projects in the past two years.
Now Mangal claims that the price of starter homes might be as low as $80,000. The (NHC) is seeking Public Private Sector partnerships to bring affordable housing projects to citizens to fruition.
Back in 2017, the Chair indicated that NHC was also considering the revision of the rental rate at the CDC apartments.