Roshan Baboolal swears that up to a dozen young married couples visit his office weekly desperately wanting to find out what they can do to build an affordable home.
Baboolal, chief executive officer of the family-owned Therml Impact Affordable Homes Company Ltd (TIAHCO), profiled these couples.
"They're in their early 20s, been married for about a year, have two incomes totalling $15,000, and live with their in-laws," said Baboolal, in an interview at the company's Biljah Road, Chaguanas, office, on June 6
Baboolal acknowledges some truths about residential real estate: there's a demand for houses which are pricey (upwards of $700,000) and a shortage of what he described as "buildable" land, that is, approved for home construction. Buying a decent piece of land to build a house can set one back by $400,000.
Baboolal describes Therml Impac technology as expedited polystyrene (EPS).
"It's not styrofoam, which is a brand of EPS," Baboolal said. "This is an industrial grade brand. We manufacture it here. We also manufacture and sell mouldings and ceilings from spare EPS."
He listed the pluses of building a home from this type of composite panel:
�2 it's fire retardent
�2 makes an excellent firewall
�2 has been in use in the United States and Europe for the last 60 years
�2 it's bullet proof
�2 extremely resistant to earthquakes that measure 7.5 on the Richter scale
�2 hurricane resistant up to 165 miles per hour
�2 sound proof
TIAHCO bought the Therml Impac franchise from Therml Impac International in California, United States, for US$6 million for use in the English-speaking Caribbean, Guyana and Suriname in 1997.
"It's not allowed to be used in Mexico and the United States. The franchise is geographic. It caters to the Caribbean housing market."
In the last 15 years, TIAHCO has constructed more than 2,600 multi-family, duplexes, townhouses and single family units in Trinidad "all under the auspices of the Housing Development Corporation," Baboolal said.
Prior to going into the housing market, the TIAHCO Group owned Caribbean Drydock Ltd (Caridoc), but sold it.
He said the company spent several years after acquiring the franchise doing "substantial investigation" and research, training its staff and promoting the system to stakeholders in the construction sector.
"We needed to understand what our platform was," Baboolal said. "It took us a few years to understand the system."
He said no fewer than 19 prefab systems have been introduced to T&T in the last 30 years, most of which have "failed, probably for want of understanding."
"We did not want this to be number 20."
Multi-purpose technology
Baboolal said the panels are designed for industrial and commercial uses, hotels and the entertainment industry.
"A lot of it has to do with low-income and high-end houses."
The TIAHCO executive said the company's focus is not to build houses, but to get people in the Caribbean to familiarise themselves with the technology, and so doing, demonstrate it can build.
"We take local people, train them and certify them," Baboolal said. "If you wish to go on your own and buy the housing kit from us, no problem."
Baboolal said if someone has their own housing plans, TIAHCO's enginering department can do a "retranslation" and "panelise the house into a kit." Baboolal made it clear the company does not build what he described as "sweat boxes."
"The kit is like a jigsaw puzzle. If the entire house is filled with steel, windows, doors, cut outs and first fix for all electricals and plumbing, then box all that in a container and our guys start erecting things.
"Then we use a process called shotcreting application of a special mix of concrete and 38 minus gravel and high pressure spray that measure into the panels to form a concrete skin. A day after, you plaster as normal or finish that you require," he explained.
He said it took the company 18 days to build the Tunapuna headquarters of the Land Settlement Agency last month for $179,000.
Even the four-storey, 80,000 square foot industrial building TIAHCO is housed in all Therml Impac: floor, walls, partition.
Baboolal, former chairman of the National Infrastructure Development Company Ltd, compared the cost of building a home with conventional concrete and bricks to that using Therml Impac.
He said a typical house of 1,000 square foot of living space costs between $450 and $475 a square foot whereas TIAHCO's units will cost between $280 and $350 a square foot.
"Our foundation requirements are much lighter."
Returning to the young couples who visit him weekly, he said the company can match the pockets of those who may have inherited land from a relative.
"We build starter homes. Our plans are expandable: a one or two bedroom, in under 14 days, for between $280 and $300 a square foot. We try to get away from finishings. We are builders and that is what we do," Baboolal said.
TIAHCO, which constructed Farah's Court, 12 townhouses before Kay Donna at the intersection of Southern Main Road and the Churchill Roosevelt Highway using Therml Impac products, is developing 279 lots at River View Park in Chaguanas.
Two months ago, the sod was turned for the new development Central Springs, a 57-acre parcel development in Freeport.
"In Central Springs," Baboolal said, sitting behind his desk in his loft-styled office, "there are 200 lots available. In San Rafael, there are 200 lots. We can offer land at reasonable prices, depending on the market value and area and whether it is gated or not." SC