The National Housing Corporation (NHC) is getting ready to import the first 350 houses from the Dura Villa Company in Guyana at a cost of $20 million.
General Manager of the NHC, Ian “Cupid” Gill in giving an update on the arrangement between Barbados and the Guyanese company which involves 1 000 houses being supplied, said Cabinet would soon approve the project.
Speaking on Friday at the mortgage fair for police officers and other members of the security forces, at the Weymouth Police Complex, Gill said: “By next week it should go to Cabinet. We are ordering 350 houses from Dura Villa Guyana. That is confirmed. We are preparing the contractual arrangements.”
He said the money to purchase the wallaba and green heart wood houses would come from the Housing Credit Fund but he stressed that the fund would have to be replenished from mortgages and the NHC’s rent to own programme.
The first houses are set to arrive here by October and the last of the 350 would be delivered by the end of March 2023. Local contractors as well as NHC workmen would erect the houses. (MB)
