Minister in the Ministry of Housing and Urban Development Adrian Leonce said contractors working with the Ministry's Housing and Village Improvement Programme (HVIP) will now receive $200,000 per unit built on flat lands, an increase of $35,000 from the current grant of $165,000.
He made the announcement at a key handover ceremony at the Bon Air Gardens Community Centre on March 12.
Leonce said a tiered system had been introduced in 2022 to help people build on the different types of terrain in TT. Recipients with homes on flat terrain received $165,000 under the programme, those on undulating terrain receive $170,000 and on hilly terrain, $175,000.
'Mindful of the global increases in construction cost, this year to support the nation's small contractors, the government has increased the amount paid to contractors for the construction of houses built on flat land from $165,000 to $200,000. There will be further consideration for houses on undulating land and hilly land.'
He said since the start of the HVIP programme in 2017, over 900 families had received keys to their homes. He said the LSA also completed more than 50 infrastructure-upgrade projects such as roadworks, drainage systems, and other critical developments.
Leonce said every key being distributed represented a journey of resilience and a journey towards security.
'Some of the families receiving keys to their homes were identified by officers of the LSA, while others took the initiative to seek out our programmes themselves, walking into our offices with hope in their hearts and the dream of home ownership in their sights.'
'The government has invested approximately $8,250,000 in constructing these new homes, which are located in Arima, Diego Martin, San Juan, Moruga, St Augustine, Wallerfield, Sangre Grande and Caroni, thereby ensuring that the most vulnerable among us are not left behind.'
Leonce said it was the sixth key distribution ceremony for the 2024-2025 fiscal year. He said the ministry was on track to complete another 126 starter homes in the next two months.
He said for fiscal year 2024-2025, by way of a government-guaranteed loan of $150 million, the ministry will construct an additional 500 starter homes.
'This means 500 more families will be able to realise improved living standards, better protection from natural disasters, better access to modern sanitation facilities and better access to water and electricity.'
He said a total of 30 small and medium contractors were engaged in the construction of the starter homes.
'At an average of ten people employed per unit, we created meaningful jobs while strengthening our local construction sector. At over 900 homes, that is no fewer than 9,000 jobs.'
He said the government had made available an additional $40 million to allow the ministry and the LSA to undertake key infrastructure work.
'Further to the $150 million for starter homes and $40 million for infrastructure works, another $10 million has been allocated to support communities through multiple communit
