Government is dedicated to making homeownership more accessible in Guyana

Dear Editor,

I write once again to express my approval of President Dr. Irfaan Ali and the People’s Progressive Party/Civic (PPP/C), this time for their tremendous success in ensuring affordable and adequate housing for all Guyanese. The government’s dedication to this cause is evident in the significant investment of over $240 billion towards making homeownership more accessible in Guyana.

President Ali’s recent announcement highlighted the remarkable achievements under this initiative, with over 35,000 house lots distributed and numerous individuals benefiting from crucial infrastructural development. The simultaneous investment in enhancing road networks and improving the availability of water and electricity demonstrates a holistic approach to housing development.

As President Ali aptly stated, housing does not exist in isolation; it requires supportive infrastructure. The construction of 414 kilometers of new roads, 250 kilometers of new water transmission mains, and more than 2,200 kilometers of electricity transmission lines underscore the comprehensive nature of the government’s housing strategy.

The measures implemented by the PPP/C Government to make home ownership more affordable, including subsidies and lower interest rates, are commendable. The delivery of over 3,000 houses, with a focus on low- and moderate-income segments, is a testament to the government’s commitment to reaching every part of the population. Subsidizing low-income house lots by almost $4.2 million and reducing interest rates have facilitated an increase in new housing loans valued at $56 billion.

Moreover, the investment in core homes for the vulnerable and the $2 billion allocated for hinterland housing reflect the government’s inclusive approach. The mortgage relief programme benefiting over 16,000 young people is another significant milestone.

President Ali’s statement, “We don’t just promise, we deliver,” rings true with the tangible results achieved in less than four years. The distribution of land titles to 56 persons in Region Three is a testament to the government’s commitment to regularizing land ownership and providing legal security to residents.

In conclusion, the strides made by President Dr. Irfaan Ali and the PPP/C Government in the housing sector also is deserving of commendation. Their dedication to improving the lives of Guyanese through affordable and adequate housing is setting a benchmark for development in the region.

Sincerely,

Anson Paul