House Expo at Prospect this weekend

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The Central Housing and Planning Authority (CH&PA) will be hosting an Open House Exhibition at Prospect New Housing Scheme East Bank of Demerara this Friday.

The exhibition will showcase more than fifty houses at the site for low income, moderate and middle-income earners. The exhibition’s theme is “‘Embracing the prospect of affordable living, opening doors while opening minds”.

According to CH&PA Public Relations Officer Iva Wharton, the project which commenced last October will provide various opportunities for people who are within the low-income bracket.

“The Authority constructed 20 low-income units and together with some private developers, they would have constructed 30 units.

“The low-income unit’s value is $4M, the moderate $6M and the middle income $9M,”  Wharton said.

The CH&PA will also be giving persons who would have qualified for the $4M mortgage the opportunity to get their plans and estimates at a cost of $3000 on-site at the exhibition exercise.

“We know the price on the open market to prepare estimates and plans are very costly, but CH&PA will provide applicants with a lower cost. This offer will be available for persons who own land. They will be required to walk with their pre-qualification letter and we give them the copy of the plan and the estimate to take to the NDC and the bank.”

There is also a disability-friendly unit showcased. Wharton highlighted that the Hinterland houses were constructed with materials from Annai, Region Nine.

Partners in collaboration with CH&PA include Republic Bank, the Ministry of Communities, the Guyana Defence Force, the Guyana Prison Service and several contractors and providers of building supplies.

At the end of the exhibition, a single bedroom house will be given away through a draw. “To become eligible to participate in the draw, the applicants must be categorised as a low-income, earning $75,000 or less and the applicant must not be the owner of any land. The person who owns this house will be given six months to pay off for the land before moving into the house, which will be fully furnished,” Wharton explained. [Extracted and Modified from the Department of Public Information]

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