Residents of Berbice took a significant step towards legal ownership of their house lots in phase one of the Number 75 Village New Housing Scheme as they signed nearly 200 agreements of sale.
Housing and Water Minister, Collin Croal, and Chief Executive Officer of the Central Housing and Planning Authority (CHPA), Sherwyn Greaves, led the signing exercise.
With the completion of the agreements of sale, the allottees are now on track to obtain legal ownership of their respective lots.
The Central Housing and Planning Authority will process the certificates of titles to formalize their ownership.
Minister Croal revealed that approximately $1.2 billion is currently being invested in the infrastructural development of the No. 75 scheme.
Additionally, another $2 billion is being spent on ongoing infrastructural works in the No. 76 scheme.
The government’s commitment to spreading development across regions was evident, with attention given to the housing needs of Berbice residents.
The Regional Housing Programme has a significant budget, with over $10 billion invested in various infrastructural projects.
To expedite the homeownership process, 100 houses were constructed at Hampshire and another 100 at Ordinance Fortlands.
Since August 2020, more than 1,200 house lots have been allocated to residents in Region Six.
The Ministry, in collaboration with the CHPA, is actively seeking additional lands to address the growing demand for housing in the region.
The signing of the agreements of sale represents a crucial milestone for the residents of Berbice as they move closer to realizing their dream of owning their own homes in the No. 75 Housing Development.