Approximately $1 billion is set to be pumped out to complete 1,800 stalled homes and construct an additional 1,000 new homes by the end of the year.
The revelation was made on Tuesday by returning chairman of the Housing Development Corporation (HDC) Noel Garcia, after instruments of appointment were given to the revamped board.
Garcia stated that the board had some lofty targets, the first being to complete 1,800 units this year, which were stalled projects and do housing starts of just over 1,000 units.
“So for 2023, we’re expecting to have 2800 houses, 1,800 will be for distribution and the other 1,000 will be in different stages of completion,” he said.
Garcia said: “I want to give the assurance to the people of TT that they will see an acceleration of the delivery of houses and in particular affordable housing. For too long, the HDC has neglected what I would term the minimum-wage earner. So we’ll see a return to the delivery of rental units in Chaguanas, Port of Spain, Diego Martin and Central and South Trinidad.