HDC Turns Sod For New Housing Initiative

The Housing Development Corporation has turned the sod for the first project under its Small and Medium Contractors Housing Initiative at the Pioneer Drive Housing Development in Mt. Hope. The initiative was launched in January this year and gives small and medium builders the opportunity to construct basic three bedroom/two bathroom housing units on serviced lots - either on vacant lots in existing Housing Developments or on available Government land developments, using drawings and specifications produced by the HDC. The HDC says it is hoping to mobilise significant spare capacity in the construction sector, stimulate economic activity and create jobs, while at the same time meaningfully addressing the high demand for housing. The HDC says the cost of the construction of each unit should not exceed $500,000.