Yesterday, April 20th, government broke ground for the first time home-owner's programme in Joe's Hill with much fanfare.
"Today’s groundbreaking, therefore, not only signals that the BVI economy is sound, but more importantly, that the people of the BVI come first. My Government listened when the people of the BVI raised concerns about the rising cost of land, and high costs for rental units, which are a burden to consider when desiring to own your own home," Hon. Dr. Orlando Smith, Premier and Finance Minister said.
He said, never before has there been such a venture, to provide affordable homes for members of the community who may not have the financial means to purchase land or build homes at this time in their lives.
"These homes will be made available for sale to first time home owners."
He said over 100 persons have expressed an interest in purchasing a home, which is an excellent indication of the programme’s success.
"As a homeowner myself, I can honestly say that there are few greater achievements than building or purchasing your own home. This gives a sense of fulfilment that can only add to the homeowner’s self-esteem, individual wealth building, and it can be the catalyst to propel that person forward in other areas of their life."
He added, "Increased home ownership is indicative of a prosperous Virgin Islands, where residents enjoy a high quality of life and personal fulfilment. This is paramount to the viability of this economy, and to the shared, sustainable growth of this Territory."
The agreement with the Social Security Board for the project was signed with James Todman Construction (JTC) and Larry Adams Construction Companies (LAC) to jointly design and build 43 residential units here at Joe’s Hill on over 7 acres of land for a projected $11 million.
- Published in Community