Tuesday, January 25, 2011

$3.6 billion allocated for further housing development-2011 Budget

-7,500 house lots to be created

Thw Ministry with the responsibility has received an allocation of $3.6 billion to further facilitate the development of housing schemes across the country.
The sum is expected to result in the allotment of 7,500 house lots and the processing and distribution of 4,000 land titles to Guyanese, Minister of Finance, Dr. Ashni Singh said when he presented the 2011 National Budget last week Monday. He said government is cognisant of the value of home ownership and its nexus with reducing poverty and improving living standards.
“Our government is not satisfied to only provide access to affordable housing infrastructure but has also advanced initiatives to ensure that the process of home ownership is made more efficient and accessible,” Singh said.
He said the funds allocated this year will allow for the continuation of the progress witnessed in the housing sector last year, when $9.6 billion was credited for the purpose.
In addition, the ‘One Stop Shop’ outreach initiative, which started in 2009, will also be expanded to include Region Seven (Cuyuni/Mazaruni), in the programme which aims at making the allocation process more efficient.
“Of the total allocation to the housing sector, $700M will be spent on improving the roads network and water distribution systems in areas such as Plantations Zeelugt and Leonora in Region Three (Essequibo Islands/West Demerara), Mahdia in Region Eight (Potaro/Siparuni and from Providence to Eccles on East Bank Demerara, which will benefit approximately 1,500 households,” Singh added.
He said, under the Second Low Income Settlement Programme (LIS2), 148 core houses are to be built, 98 in the coastal regions and 50 for the Hinterland Housing Pilot Programme.


  1. The government of Guyana hve being making the living conditions of Guyanese better with the continued distribution of house lots and land title all across Guyana.

  2. There was an era in Guyana's history where the provision of house lots was a blur... This period to which I refer is during the rule of the PNC Reform... The housing issue was tackled however, ever since October 5th 92' when the PPP/C took office... Hence forth the allocations of thousands upon thousands of houselots were granted to families around the country. Today the housing sector continues to thrive and is one of our fastest growing sectors in the country; making Guyana develop one house lot at a time

  3. Many Guyanese can look forward to living in and having there own homes for them and there family and this is with all the hard work that the government of Guyana working for the people of Guyana.

  4. Many Guyanese over the years under the PPP government have become the owners of there own homes with the government one stop shop program and the awarding of land titles to many Guyanese including many of those who were squatting.