Scores of residents on Friday turned out, as the Ministry of Housing and Water’s Central Housing and Planning Authority (CHPA) hosted its second ‘Dream Realised’ Housing Drive at the regional office in Lethem, Region Nine.
The Lethem Housing Support Programme, which was announced last month by President Irfaan Ali, was also launched at the event, a release from the CHPA said.
Minister of Housing and Water, Collin Croal; Minister within the Ministry of Housing and Water, Susan Rodrigues and Chief Executive Officer of the Central Housing and Planning Authority (CHPA), Sherwyn Greaves were all present.
Region Chairman, Brian Allicock and Mayor of Lethem, John Macedo were also in attendance.
By the end of the day, the Ministry expected to allocate some 200 house lots to residents. A number of Land Titles were also to be distributed throughout the day.
Through the Lethem Housing Support Programme, hundreds of persons will be able to pre-qualify with banking institutions on the spot.
The release said that the CHPA will be constructing a $3 million low-income home and providing $1 million in support to each beneficiary for the building costs. Moreover, the Ministry will be partnering with the New Building Society and the Guyana Bank for Trade and Industry, as they will be offering loans to the tune of $2 million, at a rate of 3.5% to persons interested in the initiative. Approximately six hundred land allottees in the region will benefit.