NASSAU, BAHAMAS — Prime Minister Dr Hubert Minnis today announced that through a public-private partnership (PPP) arrangement, the government will soon be unveiling a 150 lot subdivision in western New Providence geared strictly towards young Bahamians.
Minnis told Parliament a key element of both the government’s near-term economic recovery and long-term inclusive economic growth will be the provision of affordable residential properties and homes.
“We have started already with the serviced lots program, most recently in Carmichael,” he said.
“There, Bahamians are able to secure lots valued at $50,000 or $60,000 for as little as $15,000. The demand has been overwhelming.”
The prime minister added: “Today, I am pleased to advise that through a PPP arrangement, we will soon be unveiling a 150 lot subdivision in western New Providence that will be geared strictly to young Bahamians.
“Here, the development will have first-class amenities and provisions to allow young qualifying Bahamians to get $150,000 lots for perhaps one-third of the cost.”
Why is the photo so pixelated from a “state of the art” media provider?
The queens park operation was just about completed when the fnm took over and so was mirtgage corp HQ ni house was build since munnis took over the govt.
How will the young ones afford buying properties when there is no available jobs.
As a Bahamian, govt should voluntary give every born bahamian a plot of one acre to free as a start.
Lincoln Bain will do this.
What is the size of the lots?
I can’t see the size on the picture posted.
Can you get 2 lots if you want it and can self-employer person’s apply and what if you in your 50’s can you apply
Would one be able to see where the lots are and can you nuy 2 lots. Also what are the age limit and can it be for mulit family projects.Audte Pot
If the government is serious about housing for low income citizens then the land free. Because if your income is less than 15,000 a year and you’re paying rent it would be highly unlikely that you would be able to come up with the required amount to qualify.
Maybe the government should start a home ownership fund where persons can begin paying into it every week or month to accumulate the amount required.
How and when can you apply for it and what what are the qualification to be approved
How and where to apply for this
Please advise when application process is opened, and exactly where these lots will be?