Housing Minister: 300 to get Certificates of Comfort by year-end
Housing Minister Randall Mitchell said 300 citizens will receive Certificates of Comfort before the end of the year.
Mitchell presented 18 people with the certificates at the Land Settlement Agency's Tacarigua office on Wednesday.
Mitchell said by the end of the December 2017, an additional three hundred persons will receive Certificates of Comfort.
The Certificate of Comfort is the first stage in the squatter regularisation process.
To be eligible for a Certificate of Comfort, one must have been living on the land and applied for regularisation prior to October 1998.
“This signals the first stage in the squatter regularisation process and a move toward further homeownership development throughout the nation,” Mitchell said in an online statement.
In a separate event, Mitchell and Prime Minister Dr Keith Rowley were also present at the Home Solutions Limited's Launch of its newly completed East Lake Residential Community Park at Tumpuna Road, Arima.
The development will provide 1, 200 affordable homes at South Tumpuna Road, Arima.
Speaking at the launch, Mitchell said Government will revise policies in order to create incentives to encourage more participants and property developers into the middle-income market segment which will promote home construction activity which will benefit would-be homeowners.
Mitchell said there are approximately 20,000 people who are interested in living along the East-West corridor and who are able to purchase a unit in the range of $750,000 to $1.5 million.
Mitchell said Government already has in effect a tax incentive programme for housing developers which would allow for tax exemptions on profits from the sale of housing units up to $1.5 billion.
He said he is calling on all private developers to partner with government to create budget development housing to create affordable housing solutions.
“The Ministry of Housing stands ready to assist you with thousands of applicants who are seeking to purchase a home in your price point,” he said.
Prime Minister Dr Keith Rowley, who also attended the launch, said he will chair a committee of agencies responsible for granting construction approvals to ensure that projects are not stalled.
He said he would like to see other private companies embark on similar projects to increase the available housing stock.
For more information go to www.housing.gov.tt