Housing Minister Dr Roodal Moonilal on Friday launched a $300-million Neighbourhood Upgrading Programme (NUP) at the San Fernando Hill, saying the project is for the benefit of thousands of poor families.
The Inter American Development Bank (IDB) is contributing some of the funds for the program, which Moonilal said is designed to assist low-income earners upgrade homes as well as build new ones.
The minister expressed the hope that the investment in the project would stimulate the economy and generate employment, particularly through small and medium enterprises.
The Land Settlement Agency (LSA) would be responsible for the infrastuctural upgrade of several squatter communities and it will also grant land titles to eligible families.
Moonilal expects the LSA to grant at least 8,477 title, which will benefit about 5,360 families
The Inter American Development Bank (IDB) is contributing some of the funds for the program, which Moonilal said is designed to assist low-income earners upgrade homes as well as build new ones.
The minister expressed the hope that the investment in the project would stimulate the economy and generate employment, particularly through small and medium enterprises.
The Land Settlement Agency (LSA) would be responsible for the infrastuctural upgrade of several squatter communities and it will also grant land titles to eligible families.
Moonilal expects the LSA to grant at least 8,477 title, which will benefit about 5,360 families
Moonilal said for the 2011/2012 fiscal year the ministry is hoping to complete several projects.
Among the programs is one through which 600 home improvement grants valued at $20,000 each will be given. He said six model homes costing $200,000 in Trinidad will be built; the ones in Tobago will cost $220,000.
He said there will 61 grants valued at $35,000 or $50,000 will be given to citizens to build new homes and 835 persons should also receive land titles.
Among the programs is one through which 600 home improvement grants valued at $20,000 each will be given. He said six model homes costing $200,000 in Trinidad will be built; the ones in Tobago will cost $220,000.
He said there will 61 grants valued at $35,000 or $50,000 will be given to citizens to build new homes and 835 persons should also receive land titles.
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