Secretary of Settlements and Labour, Deon Isaac, said constructing housing at high cost is not sustainable, and many of the island’s 7,500 public housing applicants would not qualify for a mortgage beyond $450,000.
He was speaking at the start of the three-week public viewing of the first alternative housing model unit at Kilgwyn in Bon Accord, West Tobago this week.
The THA is shifting its focus from providing a large subsidy in its public housing programme.
The Assembly, through its Division of Settlements and Labour has subsidized houses between 40 percent and 60 percent of the cost of constructing a unit.
The three-bedroom alternative housing model unit was constructed in three months at a cost of $485,000 but will have to be subsidized.