Twenty five families are now the proud recipients of subsidy agreements from the Programme Monitoring Coordinating and Evaluation Unit (PMCEU).
However, Minister of Housing and Urban Development Camille Robinson-Regis said this subsidy agreement was only applicable to people who met the criteria of having a certain monthly household income.
“One criterion that had to be met and is scrupulously enforced is a maximum monthly household income of $8000,” said Robinson-Regis.
At the small ceremony held at the HDC Building in South Quay on Wednesday, the PMCEU distributed two different types of subsidy agreements, one for home improvement and the other for home construction.
“You the 25 beneficiaries are 17 for home improvements with a value of $20,000 each and eight for home construction with a value of $50,000.”
The minister revealed that the home construction allotment would not be given in one lump sum to the recipients, but in sections.
She said it would be “payable in two tranches, $25,000 first and then on proof of progress the further $25,000.”
According to Robinson-Regis, “These subsidies have uplifted the standard of living of thousands of families from just about every region of our country.”
Thus far the ministry has processed 1995 of which 1188 were for home improvement subsidies, and 807 for home construction subsidies.
“This programme was designed to provide housing solutions to eligible citizens who aspire to enhance their quality of life, not so much for themselves, but really and more importantly for their children.”
The minister said affordable housing plays a critical role in providing a sense of stability to all families specifically those at the lower end of the economic scale.
“This urban upgrading program, ladies and gentlemen, is perfectly aligned not only with the roadmap to recovery objective... of our strategic plan for Trinidad and Tobago known as vision 2030. And that goal is to ensure that all citizens have access to affordable and adequate housing.”
Minister in the Ministry of Housing and Urban Development Adrian Leonce said these subsidies form part of the Inter-American Development Bank (IDB) funded urban upgrading and revitalization program, which seeks to improve the living conditions of citizens.
He says through this initiative persons “will now be able to undertake much-needed home repairs to your existing housing structure.” These repairs include roof and floor repairs, installation of new tiles, additional rooms, electrical works and plumbing to name a few.
Leonce urged the recipients to use this subsidy agreement opportunity sensibly.
“It is important to its continued success that you take these subsidies and do your part, make the ministry proud and use your allocated funding wisely.”