{"id":18934,"date":"2024-04-20T01:07:41","date_gmt":"2024-04-20T01:07:41","guid":{"rendered":"https:\/\/ncnguyana.com\/2023\/?p=18934"},"modified":"2024-04-20T01:07:57","modified_gmt":"2024-04-20T01:07:57","slug":"government-invests-2-7-billion-to-boost-home-ownership-in-region-3","status":"publish","type":"post","link":"https:\/\/ncnguyana.com\/2023\/government-invests-2-7-billion-to-boost-home-ownership-in-region-3\/","title":{"rendered":"Government Invests $2.7 Billion to Boost Home Ownership in Region 3"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n\n<p>By Saskia Warrick<\/p>\n\n\n\n<p>In a move aimed at promoting home ownership and addressing housing challenges, the government of Guyana has announced a substantial investment of $2.7 billion in Region Three. <\/p>\n\n\n\n<p>Over 440 families are set to benefit from house lot allocations in various areas including Anna Catherina, Edinburg, Leonora, and Meten-Meer-Zorg.<\/p>\n\n\n\n<p>The investment will fund the construction of 63 two-bedroom low-income houses in Anna Catherina, along with additional units in Edinburg, Meten-Meer-Zorg, and the Leonora housing area. <\/p>\n\n\n\n<p>Notably, 172 houses have already been awarded for construction in Leonora, with ongoing progress at Groenveldt. <\/p>\n\n\n\n<p>Each unit is estimated to cost $5.3 million, with infrastructure works underway to ensure proper drainage and road networks.<\/p>\n\n\n\n<p>Housing and Water Minister Collin Croal emphasized the importance of this initiative in facilitating increased home ownership. <\/p>\n\n\n\n<p>He highlighted the challenges faced by individuals in starting construction after acquiring lands, underscoring the preference for finished products that can be obtained through bank financing.<\/p>\n\n\n\n<p>Minister Croal also pointed out the broader economic benefits generated by growth in the construction sector, providing opportunities for various stakeholders. <\/p>\n\n\n\n<p>From suppliers to service providers, the initiative is expected to create positive spinoff effects, contributing to overall economic development.<\/p>\n\n\n\n<p>Since assuming office, the government has prioritized housing development, with 1,509 houses completed nationwide to date. <\/p>\n\n\n\n<p>This ongoing commitment underscores the administration&#8217;s dedication to addressing housing needs and improving the quality of life for Guyanese citizens.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Saskia Warrick In a move aimed at promoting home ownership and addressing housing challenges, the government of Guyana has announced a substantial investment of $2.7 billion in Region Three.&hellip;<\/p>\n","protected":false},"author":4,"featured_media":18935,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[366,350],"tags":[],"class_list":["post-18934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-local-development","category-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/18934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/comments?post=18934"}],"version-history":[{"count":1,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/18934\/revisions"}],"predecessor-version":[{"id":18936,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/posts\/18934\/revisions\/18936"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media\/18935"}],"wp:attachment":[{"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/media?parent=18934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/categories?post=18934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncnguyana.com\/2023\/wp-json\/wp\/v2\/tags?post=18934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}