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The Tobago House of Assembly will no longer construct housing costing more than $500,000.

by | Jul 13, 2016

THOA

Deon Isaac

Deon Isaac

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.

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