Bermuda’s $64M Housing Boost

The government just secured a $64 million loan to build 84 new affordable homes across Bermuda, with construction starting this August. Sites include Tommy Fox Road in St. David’s and Albert Row/Victoria Place in Sandys — all using local contractors. Split into two parts with interest rates of 6% and 6.25%, the loan is backed by the state and signals serious action against the housing crisis. Minister Zane DeSilva highlighted how middle-class families are stretched thin by rent, and announced $605 million set aside to pay down debt — a disciplined approach to housing funding. This is a major step toward delivering real, affordable housing for those who need it most. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0c9a1ae97e6163b9