In keeping with its efforts to make housing affordable for Guyanese, the Central Housing and Planning Authority (CH&PA) has extended its Republic Jubilee land discount promotion until June 30.
According to a Department of Public Information (DPI) release yesterday, the promotion was initially to run for a period of three months – March 1 to May 26. The decision was taken as a result of the COVID-19 pandemic and is intended to allow house lot owners who may have been affected, more time to make their payments.
Back in February, in celebration of Guyana’s 50th Republic Jubilee, the CH&PA had announced that house lot applicants who were allocated land between October last year and February this year, would receive a 50% discount in the cost of the land.
This means that persons who were allotted house lots costing cost $2.5 million or less, will be able to cash in on the 50% discount on the cost of their land. The promotion is restricted to those individuals who received lands for residential purposes in housing schemes that were either established or regularised by CH&PA.
The extension allows qualified persons until June 30, to make their first 50% down payment on the value of the lot. Thereafter, they have until August 31 to cash in on the 50%-off promotion.
The promotion amounts to an additional $90 million in subsidies from the CH&PA which is already selling some lands for as low as $92,000. This initiative is in keeping with CHPA’s efforts to make housing affordable for Guyanese.
The CH&PA has advised that its staff are continuing to work from home but will attend its office to process land applications when necessary, the release added.
