Over 500 applicants have been approved for allocations as part of the Housing Ministry’s Government Aided Self-Help Housing Programme.
According to the Ministry, this was based on their ability to qualify for the minimum loan amount of $300,000 to purchase the subsidized lots and construct their homes.
In a small distribution ceremony held today at Gosine Street, St Mary’s Village, Carapichama, a token number of recipients received a their Deeds of Lease today.
The Ministry says all other successful beneficiaries will be contacted and directed by the Land Settlement Agency about the date and time they will be able to collect their Deeds.
The Ministry says today, beneficiaries without land, have access to fully developed residential lots.
These lots are being offered at only 30% of its market value.
Additionally, they will also have access to subsidized mortgages at 2% and 5% interest rates from the Trinidad and Tobago Mortgage Finance Company, approved building contractors, pre-approved house plans, as well as technical assistance and oversight during construction of their homes.