By Nakasia Logan
In a bid to support homeownership and construction efforts, the government of Guyana distributed steel and cement vouchers to thirty-six residents of Region Three.
The distribution event, aimed at facilitating the construction of homes, took place at the compound of Guyana Water Incorporated in Pouderoyen, West Bank Demerara on Friday.
Under this initiative, individuals constructing homes valued at six million dollars or less were provided with steel and one sling of cement to aid in the construction of their foundation.
Meanwhile, those with budgets ranging from $6 million to $25 million received two slings of cement.
The beneficiaries expressed their gratitude for the support, highlighting the significance of the assistance in enabling them to start building their homes.
Minister of Housing and Water, Collin Croal, revealed that the program has injected over 40 million dollars into the economy of Region Three alone.
He emphasized that the initiative has facilitated access to essential building materials for prospective homeowners, reflecting the government’s commitment to supporting citizens on their journey towards homeownership.
Furthermore, Minister Croal disclosed that a total of 167 vouchers have been issued under the steel and cement program in Region Three, amounting to an injection of approximately 41.7 million dollars.
He also noted that overall, the program has issued about 1,095 vouchers, injecting approximately 274 million dollars into the economy.
The distribution of steel and cement vouchers underscores the government’s dedication to promoting housing development and economic growth, as it continues to support citizens in their efforts to construct their own homes.