Former BMC chief refutes claim that govt. homes were overpriced

Storr says many homes were “undervalued” and Ferreira must tackle pertinent issues within his ministry NASSAU, BAHAMAS – Alex Storr, the former chairman of The Bahamas Mortgage Corporation under the Christie administration, wasted no time on Wednesday to respond to claims made by Housing Minister Romauld Ferreira, as it relates to the true cost of […]

AG: Order in the shanty town case amended

NASSAU, BAHAMAS – Attorney General Carl Bethel revealed on Monday that the Order in the shanty town case has been amended. “The order in the shanty town case was amended to prevent any building anywhere in the Bahamas that is not according to code,” Bethel said. “The shanty town case itself has not been sat […]

PHA & CPSA negotiations reach successful conclusion

NASSAU, BAHAMAS – The Public Hospitals Authority (PHA) expressed on Wednesday that they were pleased to join with the Consultant Physicians Staff Association (CPSA) to announce that both parties have agreed in principle to all aspects of the proposed industrial agreement. Last month, physicians at public hospitals withdrew their services, citing failed negotiations over their […]

3,041 reside in 6 Abaco shantytowns, report reveals

NASSAU, BAHAMAS – An Abaco shantytown assessment report, which surveyed 777 households, indicated that 3,041 people reside in six shantytowns on Abaco, inclusive of Sand Banks, Farm Road, L & H (treasure cay), the Mudd, Pigeon Pea and Elbow Cay. The report, released Wednesday, revealed that 80 per cent of persons are documented while 41 per […]

3,500-plus in Abaco shantytowns

20% undocumented   NASSAU, BAHAMAS – An estimated 80 per cent of the more than 3,500 shantytown residents spread across Abaco have legal status to be in The Bahamas, while 20 per cent or 707 people are undocumented, according to preliminary data provided by the Shantytown Action Task Force (SATF). Three-thousand, five hundred and thirty-nine […]

Minnis encourages regional focus on disaster relief fund

Prime Minister Dr. Hubert Minnis yesterday encouraged countries in the Caribbean region to create a disaster relief fund as part of a proactive and responsible approach to mitigating against the severe financial fallout natural disasters represent. Speaking at the International Monetary Fund/World Bank/Inter-American Development Bank conference on ‘Building Resilience to Disasters and Climate Change in […]

$2 million earmarked for new housing development

The government will spend $2 million to complete 300 homes in the Carmichael Village Subdivision, revealed Minister of Housing Romuald Ferreira on Wednesday. He said the Government also has additional areas in mind. “We have three subdivisions that we are really focused on: Sunset Close Edition, Lionel Davis Estates and of course the one in […]

Govt. to halt shanty town expansion

Attorney General Carl Bethel has made application to the court to prevent the expansion of shanty towns across the country. This move comes after a discovery by the Ministry of Works that expansion – or the adding on of structures – was taking place in existing shanty towns. Commission chairman and Labour Minister Dion Foulkes […]

Still no date for Ragged Islanders to return home

Having endured the devastating wrath of Hurricane Irma last September, Ragged Island became unlivable and residents were forced to leave their humble abode in search of a better and much safer standard of living.  Now, one year later, repairs on the island are still in progress and there is still no established date for Ragged […]

Turnquest: BMC more than $395 million in debt

Ferreira: BMC to reduce bad loans on its books Deputy Prime Minister Peter Turnquest revealed in Parliament Wednesday that the Bahamas Mortgage Corporation (BMC) is more than $395 million in debt. The staggering figure was announced as members debated a resolution for the BMC to acquire the old Foreign Affairs building on East Hill Street […]

Former BMC Chairman: Mortgage crisis a longstanding issue

Former Bahamas Mortgage Corporation (BMC) Chairman Alex Storr said the arrears challenge at the Corporation existed long before he accepted the post in 2012 and the Progressive Liberal Party (PLP) delayed eviction of residents to avoid a social crisis. “When I took the post there was a serious arrears problem,” Storr said. “The Board decided […]

Affordable Home Program case of poor planning, DNA says

Government’s affordable homes program is another case of poor planning and execution, according to the deputy leader of the Democratic National Alliance (DNA). Arinthia Komolafe said in a statement that the recent revelation that only fifteen per cent of the 60 applicants qualified for the serviced lots under the program is a classic case study. […]