Tag: National Housing Development Trust
Fraudster given seat on transport board
(CNS): Edlin Myles, who was convicted of using his previous position on a government board to con would-be tenants of the housing trust to buy insurance from him, has been appointed to the Public Transport Board. Despite being given a six-month sentence for the significant fraud and breach of the public’s trust when he was […]
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.
Minister to rethink NHDT project in mangroves
(CNS): Local activists have persuaded Jay Ebanks, the minister responsible for housing, to rethink a proposal to build affordable homes in the South Sound basin that would entail the removal of mangroves. Environmentalists have been sounding the alarm about the impact that private sector development is having in the area, and persuading government at least […]
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 […]
Gov’t to take on housing challenge
(CNS): The premier has announced a number of measures that he claimed his government will be introducing over the next two years to tackle the mounting problem in the Cayman Islands of unaffordable housing. With rents soaring and developers concentrating on building luxury condos, working Caymanians can no longer afford to buy a home and […]
Bodden Town low-cost home project finished
(CNS): Sixteen new affordable homes have been officially opened in Bodden Town, the fastest growing district in the Cayman Islands. Government officials marked the launch ceremony of phase 2 of the Affordable Housing Initiative, which is run by the National Housing Development Trust. Ten of the homes have already been purchased, while the other six, which cost […]
Housing trust begins project for 16 BT homes
(CNS): The National Housing Development Trust (NHDT) is beginning a project in Bodden Town to build 16 affordable homes on a 10-acre site off Lake Destiny Drive, close to 20 existing affordable homes that were constructed in 2012. The homes will be made available for sale at between $110,000 and $125,000 for eligible Caymanians. Applicants must be […]
Auditor general warns SAGCs are under strain
(CNS): Well over half of all statutory authorities and government companies that are managed as autonomous public sector entities are running at a loss and under considerable strain, the auditor general has warned. Sue Winspear said more than eight SACGs had ended the last five years with deficits in contravention of the Public Management and […]
Housing trust won’t evict last old tenants
(CNS): The National Housing Development Trust (NHDT) has confirmed that it will not evict the tenants that remain in the sub-standard old affordable homes. There are just 21 of the condemned properties left out of 107 houses constructed in 2004, which were not built to code and never received occupancy from the government’s planning department. […]
