"A" Housing Accessible, Available, Affordable
of Government are not infinite, but the aim of the DLP will
be to create the environment where all Barbadians, including
persons with disabilities, will have access to comfortable
shelter. We are aware that housing is one of the survival
needs of the family. We will therefore unleash a massive housing
programme aimed at providing opportunities for home ownership
to low-income earners.
LOW INCOME HOUSING
all duties and taxes on the building materials component
of houses valued up to $150,000.
houses valued in excess of $ 150,000, prospective homeowners
will derive benefit from the removal of all duties and taxes
on the building materials component of the house valued
up to $150,000.
40-year flexible family mortgages, so that when one member
dies, the family will continue payments.
units for persons with disabilities.
by way of incentives Insurance coverage of every house.
financial incentives to aid in low income housing development
by indigenous Barbadian companies.
who are paying rent will be allowed to claim a maximum of
$6,000 tax free for the first year.
government housing estates, tenants have been paying rent
for 20, 30, 40 years. These persons would have
already paid for these houses if they had been paying a mortgage.
is what we will do for you:
all persons living in NHC housing and paying rent for a period
of twenty years or more, to own these houses or units with
the payment of a small fee, for his/her title deed.
living in units for less than the twenty years will be given
the opportunity to own the units through the provision of
an interest free loan, through arrangements with cooperative
Credit Unions or a National Housing Fund, to cover the years
required to qualify.
case of such sales the NHC will operate as a Condominium
Management Company for the up-keep of the grounds, play
parks and for the maintenance of the roofs, wells and uniformity
of block units.
low income 2/3 bedroom detached houses for sale /rent to
serve as a stepping stone for those tenants who become financially
able to move on.
4 bedroom units to cater to large families.
units to accommodate fire victims and welfare cases.
up a Customer Care Department at the NHC.
up Tenants Associations on government estates as well as
a National Umbrella body.
Associations will be given legal standing and the national
body will be given representation on the board of the NHC.
early-bird incentives to encourage tenants to pay rent on
mortgages for first home owners on government land which
will allow moratorium of the repayment on the land potion
of the property development loan.
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