Government provides additional $25 million to Housing Loans Board to construct homes

Felix Thomas

Chairman of the Government Housing Loans Board, Felix Thomas, has revealed that government has made available an additional $25 million to that board in order to assist public officers to construct homes for themselves and their families.

“I just want to report that we will be granting loans to well over 200 new families to build homes for themselves and their families and this would be made possible by additional funds to the tune of $25 million supported by the Prime Minister and Minister of Finance…,” he said.

 “It is our aim to ensure that we assist governments in its housing thrust and to do that we need to ensure that we have the necessary capital to do so,” Thomas added.

“We just recently granted loans to well over 200 public officers to build homes for their family and themselves and realizing that there are a number of public officers who are still in need of homes and even more so following the advent of Hurricane Maria,” he stated.

He said the Government Housing Loans Board will continue to work to ensure that public officers can receive housing assistance.

Thomas went on to say that over the years the Government Housing Loans Board has been granting loans to public officers and two years aback, the Board was able to reduce interest rates from 7.25 percent to 5 percent and that was made possible through a loan of over $34 million dollars which was granted by the government of Dominica.

Thomas said they are pleased with the decision taken by the Ministry of Finance and as usual, they will continue to work towards ensuring that the goal of housing Dominicans on a whole, is definitely one that “we can achieve.”

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11 Comments

  1. Not Me Alone
    August 14, 2018

    Concern Dominican posted this brilliant track record of the 18 years DAYBA of Labar that I felt I should repost so it this information could stay fresh. Thank you concern Dominican.

    Ignorance is a curse among D/cans, in the eyes of economic performance. Here’s setting the record straight on what in your own “tunnelled” world equates to this misnomer, since the threshold set by the Caribbean monetary union is 5% annual GDP growth.. To give you an insight, here’s some hard evidence on Dominica’s dismal economic performance in Real GDP Growth (Annual Percentage Change), since 2001, as it continues to deny the citizens of a reasonable “STANDARD OF LIVING” – according to the IMF:
    • 2018………… -16.3%
    • 2017…………. -4.2%
    • 2016………… 2.6%
    • 2015………… -3.7%
    • 2014………… 4.3%
    • 2013………… 0.8%
    • 2012………… -1.1%
    • 2011…………. -0.2%
    • 2010………… 0.7%
    • 2009………… -1.2%
    • 2008………… 7.1%
    • 2007…………. 6.4%
    • 2006………… 4.7%
    • 2005………… 0.7%
    • 2004………… 3.1%
    • 2003………… 6.4%
    • 2002………… -2.8%
    •…

  2. %
    August 14, 2018

    I don’t bloggs those things that you like sir. That’s just me.
    Mr Thomas,what can you tell us about Skerrit’s laziness and incompetence?
    It’s a crying shame that Ross fled when a Labour Party was ruling Dominica .

  3. banker
    August 14, 2018

    Do you guys realize that this is giving the banks serious competition? i know of one bank that will be closing its doors, more may follow.

  4. nur
    August 14, 2018

    Please offer low interest loans to public officers.

  5. August 14, 2018

    Good move but if all the passport money was spent to develop the country our population wouldn’t have decreased and we would never have to depend only on Ross. Build some factories to take the agricultural produce. The abattoir was a good move what about it. International airport. Develop the tourism sites. A bigger Cruise ship birth canefield airport perfect location. Stop giving people money just to throw in the gutter and when election give empty promises. I vote dlp this is my concern.

  6. RandyX
    August 14, 2018

    The usual propaganda to distract from the issues on hand. Typical Skerrit.

  7. Sam
    August 14, 2018

    Interest rate is too high what about3.5percent

  8. I am mine own
    August 14, 2018

    Why not just use this money to buy the empty apartments in Picard? That way, the owners get out of debt and we can use the extra money to make sure that they are habitable. If they were good enough for the American students, surely they are good enough for our public officials. Save money and put what we have to use.

  9. dora
    August 14, 2018

    Yes greedy thomas… 25million yeah right!!

  10. Birds of a feather
    August 14, 2018

    That is just an effort by the corrupt DLP to run from the truth about Ross. But we remain committed to why Ross left Dominica after 40 yearshear. We will not be side tracked neither will we stop asking tuff questions about Ross University and why they left.

  11. ray
    August 14, 2018

    i swear i heard him make those exact comments this morning…….

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