Tag: affordable homes
CIG refuses to release task force housing report
(CNS): The Cayman Islands Government has refused to release a report it conducted examining the country’s critical housing problem that was supposed to help shape a new policy and provide some insight into solving this pressing issue. A shortage of affordable homes for both Caymanians and expat workers to buy or rent is reaching a […]
Cabinet seeks FOI extension for housing report request
(CNS): As the current government’s poor transparency record continues to worsen, the Cabinet Office has asked for another 30 days before releasing any part of a key report and other related documents on the issue of housing. After the government refused to respond to a media request for a copy of the report generated by […]
$1M set aside to start low-cost homes on the Bluff
(CNS): Four years since the Sister Islands Affordable Housing Development Corporation last built an affordable home on Cayman Brac, it will soon begin building two new housing developments on Bluff land purchased by the Cayman Islands Government. Over CI$1 million has been allocated over the next two years to build the developments, named The Highlands […]
Survey launched to help UPM with housing challenge
(CNS): Almost two years after the government established a cross-ministerial task force to examine the housing crisis in the Cayman Islands and develop a policy, it is now seeking ideas from the public. Fuelled by competing demands and exceptionally high prices, the housing market in Cayman has become unaffordable for almost all but the very […]
Ministry seeks public help to shape housing policy
(CNS): UPDATED with consultant costs. An open public consultation has begun to help shape a much-needed policy to address the chronic shortage of affordable housing and other challenges in the local property market created by the ability of overseas residents to buy property here with no restriction or annual taxes.
NHDT plans to develop land picked for conservation
(CNS): The National Housing Development Trust is seeking planning permission via an application from the Lands and Survey Department for a 54-lot subdivision on Austin Conolly Drive, East End, on four parcels of crown land, part of which has been nominated to be a protected area. The nearly 20-acre site includes Sunrise Cottage, a retirement […]
Multi-storey units planned for old GT Housing Trust site
(CNS): The Cayman Islands Government has earmarked land held by the National Housing Development Trust in George Town, at the end of Courts Road, for its first effort to build multi-storey social housing. So far, the homes that had been funded and built by the government-owned trust have been two- and three-bedroom single-family houses. The […]
Housing Trust starts work on 19 West Bay homes
(CNS): Phase 3 of the Lighthouse Gardens affordable housing development in the Boatswain Bay area of West Bay is getting underway after an official groundbreaking of the project this week. The subdivision includes nineteen housing lots and completes the 9.5-acre property, delivering a total of 55 homes at the location. National Housing Development Trust (NHDT) […]
Cross-ministry approach planned to tackle homes crisis
(CNS): At least four ministries from the PACT Government will be involved in a wide number of plans and policies aimed at tackling the emerging housing crisis impacting Caymanians from all walks of life, as the real estate sector has created an unsustainable situation relating to property prices across the Cayman Islands.
Housing trust struggles with building costs
(CNS): With the cost of building materials rising dramatically due to worldwide shortages fuelled by the pandemic, the battle to keep the government’s low cost homes affordable is becoming very challenging, according to officials. National Housing Development Trust (NHDT) Chairman George Powell said their approved contractors have committed to complete the current works within the […]
Work begins on seven low cost East End homes
(CNS): The National Housing Development Trust (NHDT) has broken ground on the latest phase of its low cost homes in East End. The construction of the first seven set of affordable houses in phase three of the project is set to begin this month and another 14 houses will also get underway in the first […]
