Last Updated on September 20, 2021, 6:00 AM AST by Renaldo St Juste
The Team Unit would try to encourage the small contractors to lead the ownership of entrepreneurship in the country and to get the local control. This decision came after experiencing that more persons have been seeking property ownership. This decision of involving young local contractors would be an important step towards the development of St Kitts and Nevis.
Prime Minister Timothy Harris said, “We have determined that in the grand march to property ownership in the country, the government itself should never attempt to do all of it. There is scope for private parties to come on board and to deliver housing solutions to a broad cross-section of the people in St. Kitts and Nevis.”
Prime Minister Timothy Harris on Friday made these remarks while he was at the ceremony to hand over the 24 apartments in East Basseterre on Wellington Road. This project was built by the National Housing Corporation and the funding from the Government of the Bolivarian Republic of Venezuela as assistance in the project.
The ceremony, which was presided by the National Housing Corporation, was attended by Deputy Prime Minister the Hon Shawn Richards, Minister of Human Settlement with responsibility for NHC the Hon Eugene Hamilton, Minister of Education Jonel Powell, Attorney General the Hon Vincent Byron Jr., and Charge d’Affaires Embassy of the Bolivarian Republic of Venezuela Mr Marco Antonio Guzman Adrian.
PM Skerrit stated, “And from there we have identified, with the perspective developers, some four other locations around the country. Now we are interested, not just with working with big people in the private sector as we would say, such as the TDC, which is one of the largest public/private sector entities that is in the country.”
The Team Unity Administration, the Prime Minister said, is believing that some of the country’s entrepreneurs who would typically go to the National Housing Corporation to look for jobs to build that they themselves have collected could request the government for one acre of land, two acres of land, or even three acres of land, and can become developers of housing projects in St. Kitts and Nevis.
While concluding the address, PM Harris said, “Indeed even now in the mix, what we have done we have put about $30-plus million over time into the Development Bank of St. Kitts and Nevis, and we created a special niche for government employees to have been able to go to the bank and secure loans at just about five per cent. Development Bank has become the most significant supplier of mortgage financing in this country, accounting for more than a third of all mortgages in St. Kitts and Nevis.”
Renaldo St Juste, with his connection across the regions excels in providing all the regional updates from across the caribbean nation. His reporting majorly includes covering entertainment, crime and sports.
