Government Builds 40K Homes in 5 Years | Guyana News

The government has poured nearly $240 billion into housing since 2020, handing out over 53,000 lots, clearing 24 squatter settlements, and launching 100+ new housing areas—giving land to 128,000+ people. To boost affordability, they slashed VAT on building materials, lowered mortgage rates, raised low-income loan caps to $30 million, and made housing loan interest tax-deductible—returning $43.8 billion to families. Popular programs like Young Professional Homes and turnkey units are in high demand, prompting a new goal: build 40,000 homes in five years. With over 270 contractor bids already in, the Housing Ministry is urgently seeking builders—locally and abroad—to meet the target of 8,000 homes annually, tackling a critical shortage of local contractors to speed up the housing boom. Listen in comfort:Get a discount on a Soli Pillow: http://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/27725442b9502c02