Affordable Housing For Young Dominicans Launched
Young residents of Dominica who are looking to invest in their own homes will be able to do so at a less expensive rate.
2022-07-18 18:07:20 - VI News Staff
This is what Dominica’s Prime Minister Roosevelt Skeritt promised as he announced on Saturday the government’s “Future Housing Programme,” where affordable housing will be made more accessible to qualified residents who are 45 years old or younger and are employed within the public and private sectors.
This will be the first phase, Skeritt said, and eventually, the programme will be expanded for the rest of Dominica’s citizens and residents.
“This is our way of subsiding overall cost of the home so that the cost is within your financial range as young professionals and young Dominicans,” the prime minister said, emphasizing that home ownership is not just “putting a roof overhead” but will provide the safety that every Dominican deserves.
“In Dominica Labour Party 2019 manifesto, we pledged that the people of Dominica would be properly housed. We have delivered on this promise,” Skerrit said. The housing projects have continued in spite of the pandemic that happened where the whole world halted its operations to curb the spread of the extremely contagious virus.
Skeritt also highlighted what the Future Housing Programme hopes to address — to help a generation build greater wealth that they can pass on to the generations after them.
“In Dominica, we do not have a deep-seated culture that takes this into consideration. But with proper generational wealth planning and management, wealth can be passed down for many generations within families. This is important because we all want to give our children a significant financial advantage early on in their life so that they have a better chance at successful and progressive futures,” he explained.