Government officials along with the Cayman National Housing Development Trust broke ground for 20 affordable homes in Bodden Town on Thursday.
More than 10 acres of land on Lake Destiny Drive, just past the police station in Bodden Town, has been designated for the new homes, which can accommodate as many as 40 houses.
Twenty affordable homes will be built in the fist phase of the project, which is slated to be completed in 2013.
At present, Scott’s heavy machinery is busy clearing, filling and preparing the site for which project manager Delano Bush hopes construction will begin as early as September of this year.
When completed, six affordable homes will be available in 2 bed, 2 bath, 805-square-feet homes and 14, 3 bed 2 bath, 979-square-feet homes.
Health Minister Mark Scotland welcomes the ground breaking, which he said was long overdue in getting Caymanian families into their own homes.
“There is nothing more essential than a family having a roof over their head,” he said; adding that the low cost housing project would also bring economy stimulus to the area.
“Work of filling in the site has already started, which will bring many opportunities of work for small contractors and other local entrepreneurs so that families will have the benefit of well constructed homes,” Mr. Scotland said.
Housing Minister Mike Adam thanked those involved stating it could strengthen families and easy emotional strain that comes from not having a home, which was important. “It is a special occasion,” said George Town Member of the Legislative Assembly Ellio Solomon, adding that up to 67 affordable homes had being constructed by government and more land was being cleared to accommodate additional homes.
According to National Housing Development Trust, there is a pending list of people who have applied already signed up for the homes.
The affordable home plan also aims to create at least six additional affordable homes in West Bay, making the total 35 in that district.
To qualify for the homes, one has to be a first-time owner, not earn more than $35,000 per year for a single applicant, or $45,000 for joint applicants. The buyer must become the owner or occupier of the home being purchased; be employed for at least one year or self employed for two years or more; reside in Grand Cayman; be Caymanian or holder of Caymanian Status and be within the age bracket required for repaying the mortgage loan.
For those interested in applying for a home, application packages can be collected from the National Housing Development Trust offices on Airport road across from the Post Office Cayman Centre Unite No. 4.
Although persons may qualify for a mortgage loan, due to the overwhelming demand for affordable homes, there is no guarantee can be given as to when you’ll be approved to receive a home.