Ten greenheart houses for low-income earners are being built at River Crescent in St. Philip and will be offered to the public as a Rent-To-Own option.????
This was disclosed recently by Minister of Housing and Lands, Michael Lashley, who said?? that the project was part of a larger development of 77 houses being constructed by the National Housing Corporation.??
"Demand is so great for the Rent-To-Own programme, that we decided to start in areas that we have the ribbon development [outskirts of a development where existing utilities are available].?? We were given permission by the Town Planning Department to proceed with these houses and we’ve also received cooperation from the Barbados Water Authority, so everything is in place… Hopefully, by May… these houses will be completed, and Barbadians will be able again to benefit," Minister Lashley stated.
The Rent-To-Own initiative was launched in May last year, with 16 duplex units at Airlie Heights in St. Michael and will also be utilised at Lancaster Phase 1 in St. James, as well as Parish Land in St. Philip.
The programme gives persons who earn less than $2600 per month an opportunity to become home owners. ??Payments are calculated in such a way that when a portion is paid, it goes towards the eventual purchase of the unit.??