BASSETERRE, ST. KITTS, September 19, 2021 (MMS-SKN) – As more and more people seek ownership, Team Unity Administration will strive to help young entrepreneurs gain local control and ownership of entrepreneurship in the country, which will be a good thing for the development of Saint Kitts and Nevis.
“We have determined that in the great march towards real estate ownership in the country, the government itself should never attempt to do everything,” said Prime Minister the Honorable Timothy Harris. “It is possible that private parties will join us and provide housing solutions to a wide range of the population of Saint Kitts and Nevis. “
The Honorable Prime Minister made the remarks on Friday, September 17, during a handover ceremony for 24 apartments on Wellington Road in East Basseterre which were built by the National Housing Corporation with funding from the government of the Bolivarian Republic of Venezuela .
The ceremony, which was chaired by the National Housing Corporation (NHC), was attended by Deputy Premier The Honorable Shawn Richards, Minister of Human Settlements responsible for NHC, The Honorable Eugene Hamilton, Minister of ‘Education et al., Hon. Jonel Powell, Attorney General. the Honorable Vincent Byron Jr., and Chargé d’Affaires Embassy of the Bolivarian Republic of Venezuela Mr. Marco Antonio Guzman Adrian.
Also present were members of the Board of Directors of the National Housing Corporation, led by President Ms. Malvie James, and Past President Mr. Valentine Lindsay. Former Parliamentary Representative for the Basseterre East Region Ambassador His Excellency Ian ‘Patches’ Liburd was greeted by Prime Minister Harris and Minister of Human Settlements the Honorable Eugene Hamilton for his engagement with the government from Venezuela.
According to Prime Minister Harris, the government has had successful strategic partnerships with organizations like TDC which are now offering housing projects at Dewar’s in West Basseterre. He added that he is open to other ideas from other developers, pointing out that over the next few months there will be a groundbreaking ceremony to signify the launch of a middle-income housing project. in the community of Cayon.
“And from there, we identified, with the developers in prospect, some four other locations across the country,” he said. “Now we’re interested, not just working with great people in the private sector as we would say, like TDC, which is one of the largest public / private sector entities in the country. “
Team Unity Administration, the prime minister said, is hoping that some of the country’s entrepreneurs who would normally come to the National Housing Corporation looking for jobs to build, which they themselves have saved, can turn to the government for an acre of land, two acres of land, even three acres of land, and become developers of housing projects in St. Kitts and Nevis, which will take it to the next level, as that is the goal of the government.
He explained that this is why the People Empowerment Charter needs to be improved in terms of how it takes a person from the first step to a higher level of engagement, and also how it ensures that the future will be stronger and more secure for all.
“Then we will have local control and ownership of entrepreneurship in our country, and that will be good for the development of Saint Kitts and Nevis,” observed Dr Harris. “So we will actively promote this, and we will pursue agreements with the Development Bank of Saint Kitts and Nevis and with other financial institutions that will allow ordinary people to go higher, to assert themselves as significant investors in their own country. country. “
The Team Unity Administration, stressed the Honorable Prime Minister, does not want everyone to look to the National Housing Corporation when it comes to the noble task of providing housing solutions in the country.
“Indeed, even now in the mix, which we have done, we have invested around $ 30 million over time in the Development Bank of Saint Kitts and Nevis, and we have created a special niche for government employees who were able to get to banking and loans guaranteed about five percent, ”he said. “The Development Bank has become the largest provider of mortgage finance in this country, accounting for over a third of all mortgage lending in Saint Kitts and Nevis. “