The Ministry of Transport and Housing issued six more homes to the newest homeowners in the Pinecrest Subdivision. One of the homeowners, Precious Storr, spoke at the key presentation event. She said, “I am a single parent and I cannot begin to say how becoming a homeowner is just overwhelming and amazing. I commend this government for not only allowing Bahamians but allowing young Bahamians to have the opportunity to be a homeowner. The best part of this experience is watching my daughter look up to me and call me an achiever and she wants to be like her mom.”
Minster of Transport and Housing, the Hon. Jobeth Coleby-Davis told those in attendance at the event that, “while government is committed to creating greater opportunities for homeownership, we understand that there must also be a shift by members of the public towards homeownership. And we do not intend to criticize Bahamians for their financial practices but we must note that the path to homeownership for far too many Bahamians is limited by significant unsecured consumer loans.”
Prime Minister, the Hon. Philip Davis also attended the key presentation ceremony where he brought remarks. He said, “I am advised that not long after the 16th of September, 2021, the list of applicant as the Bahamas Mortgage Corporation under our proposed housing scheme already exceeded 3,500 and were hearing it much, much, much more that has been in since we announced and acting to show that we don’t just talk, we act.”
Mr. Davis went further saying, “in the view of the Progressive Liberal Party access to affordable housing ranks right up there with universal access to quality and affordable healthcare and universal access to education.”
Pinecrest Subdivision was began in January 2022 and presently has fourteen occupied homes with twenty more under construction.