Minister of Housing and Lands Michael Lashley has reiterated Government’s commitment to housing every person in Barbados and one of the latest initiatives will see at least 500 plots of land being sold from as low as $5 a square foot.
The new initiative is primarily targeted at lower income earners, and Lashley has revealed that the programme is going to be launched “very soon,” with key input coming from agencies such as the Barbados water Authority (BWA) and others.
He made the comments during a ceremony to launch a new housing development South View at Kent, Christ Church.
In explaining the $5 lot programme, he said the prospective homeowner would buy a piece of land for $17,000 and would then go to the bank and get their loan or go to the National Housing Corporation (NHC) to get one of its small contractors to construct their house.
He said the Barbados Government has also sought to provide a greater number of housing solutions in the price category from $100,000 – $125,000, and those prices include both housing and lands.
“At the low end of the housing market we have recognized that some Barbadians will not be able to go to a bank and own outright and purchase a house and would not be able to service a mortgage in the long run. So what we have done is introduce the concept of rent to own for people who earn less than $3000 a month and may not qualify for the most spacious houses being built in Barbados,” he explained.
Speaking with reference to the Southview development, Lashley acknowledged that it was an effort to put the spotlight on middle income Barbadians.
“We are proud of the fact this class has grown the most since independence. We now have the largest middle class in the region. This government believes that the middle class is the backbone of this country and take this country on the next stage of development,” he said.
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Hellow my name is Catherine Brace , I am a single mother and living in the usa, I would like to come home to live , and saw your add on homes, so I would like to know how I could get a Government home to buy please email me on this. my phone number in the usa is 407 382 1134 thank you God bless.
hi my name is jody king currently livin in canda but wish too return home soon to live and would like to no how i can get a governent rent to own home or one to buy , please email me about this asap..or give me a call at 905 688 7104..thank you
Hello,
Season’s greetings to all. I am a nurse by profession and would love to return to Barbados to offer my services there as I am a resident, I would really appreciate some help on getting an affordable house so I can come to live with my kids. Thanks for your time and looking forward to your reply.
P.S my alternative contact details are: mobile 07956012170 house 02034419077