Categorized | Local, News

New dwelling houses begin in Davy Hill

Construction initiated-20 new houses in the wood-works for Davy Hill

“A new direction in housing,” is how the Honourable Minister with responsibility for Housing, Mr. Easton Taylor Farrell dubs the new Davy Hill housing development, at a recent ground breaking ceremony in Davy Hill on Saturday.

The Davy Hill new housing development plan is set to construct twenty (20) residential dwellings on two and a quarter acres; land, roads, electricity, water and sewage development all inclusive. According to the Director of the Project Implementation Unit (PIU), construction will be done in three phases:

The Minister said, “…housing was provided solely by government and where the majority of Montserratians expect government to provide housing. We’ve reached a place where government is no longer in a position to provide housing for Montserratians and residents. It’s a new direction in housing where it’s not only Government but a private public partnership in housing development.”

PIU Director Mr. Owen Lewis gave some details of the project.

“Capital cost and funding was provided by the Government of Montserrat who purchased the two and a quarter acres of land which will be developed, along with financing the infrastructure elements of the project. The Montserrat Social Security is funding the construction…to be done in three phases. Phase one consisting of six houses; Phase two eight houses and the third phase another six houses. The Bank of Montserrat Ltd. will facilitate all mortgages related to this project. This project totals just under ($7 million) seven million dollars and these are local funds.”

The Honourable Premier, Ruben T Meade praised the Minister’s efforts in making the project a reality.

He told the gathering, Easton Taylor Farrell has shown the leadership and bought this land…the twenty houses are for sale. …but they are for the people of this community whether, you’re born Montserratian, …or you’re of the Diaspora, these facilities are available for you to purchase. The fact that bank of Montserrat is offering (mortgage loans) at 6.5% when in fact the average lending rate is about 8% … is a significant step in terms of savings which the bank is providing for the people who are buying these property.”

At the ground-breaking ceremony, Director of the Montserrat Social Security, Kenneth Scotland pledged his commitment to local development, especially that as it is meaningful to the Social Security Fund.

“It is good to know that we could spend this ($2 million) two million dollars this year, and this is only the beginning of things to come. I’m a strong believer, that if indeed we’re goanna invest our money we should at least start at home and we have taken this seriously.  I’m putting the government on notice that I have more money to spent and to develop at home…. it’s all about putting people back to work and once people are working it’s beneficial to Social Security, so that is a backdrop that we’re very pleased to see  happening and we look forward to handing over the keys to the very first buyer.”

Manager of the Bank of Montserrat Ltd., Mr. Michael  Joseph highlighted the bank’s long-standing commitment to housing development in Montserrat. “Over the years, Bank of Montserrat has partnered with government of Montserrat on a number of housing projects and we are pleased to announce that over the past five years our mortgage portfolio increased form eighteen (18) million in 2007 to forty one (41) million dollars in 2012. The Bank is proud of this investment of twenty three (23) million dollars in the housing stock of our country and will continue to invest more of our local savings to house Montserratians through such special housing programs,” he declared.

During this week earth moving and heavy equipment were seen in action on the site, which is located just back of, and north of The Montserrat Reporter offices. Someone forgot to invite TMR to the proceedings of the ground-breaking development. The Minister has since apologised for what he said was a teribble mix-up.

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A Moment with the Registrar of Lands

Construction initiated-20 new houses in the wood-works for Davy Hill

“A new direction in housing,” is how the Honourable Minister with responsibility for Housing, Mr. Easton Taylor Farrell dubs the new Davy Hill housing development, at a recent ground breaking ceremony in Davy Hill on Saturday.

The Davy Hill new housing development plan is set to construct twenty (20) residential dwellings on two and a quarter acres; land, roads, electricity, water and sewage development all inclusive. According to the Director of the Project Implementation Unit (PIU), construction will be done in three phases:

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The Minister said, “…housing was provided solely by government and where the majority of Montserratians expect government to provide housing. We’ve reached a place where government is no longer in a position to provide housing for Montserratians and residents. It’s a new direction in housing where it’s not only Government but a private public partnership in housing development.”

PIU Director Mr. Owen Lewis gave some details of the project.

“Capital cost and funding was provided by the Government of Montserrat who purchased the two and a quarter acres of land which will be developed, along with financing the infrastructure elements of the project. The Montserrat Social Security is funding the construction…to be done in three phases. Phase one consisting of six houses; Phase two eight houses and the third phase another six houses. The Bank of Montserrat Ltd. will facilitate all mortgages related to this project. This project totals just under ($7 million) seven million dollars and these are local funds.”

The Honourable Premier, Ruben T Meade praised the Minister’s efforts in making the project a reality.

He told the gathering, Easton Taylor Farrell has shown the leadership and bought this land…the twenty houses are for sale. …but they are for the people of this community whether, you’re born Montserratian, …or you’re of the Diaspora, these facilities are available for you to purchase. The fact that bank of Montserrat is offering (mortgage loans) at 6.5% when in fact the average lending rate is about 8% … is a significant step in terms of savings which the bank is providing for the people who are buying these property.”

At the ground-breaking ceremony, Director of the Montserrat Social Security, Kenneth Scotland pledged his commitment to local development, especially that as it is meaningful to the Social Security Fund.

“It is good to know that we could spend this ($2 million) two million dollars this year, and this is only the beginning of things to come. I’m a strong believer, that if indeed we’re goanna invest our money we should at least start at home and we have taken this seriously.  I’m putting the government on notice that I have more money to spent and to develop at home…. it’s all about putting people back to work and once people are working it’s beneficial to Social Security, so that is a backdrop that we’re very pleased to see  happening and we look forward to handing over the keys to the very first buyer.”

Manager of the Bank of Montserrat Ltd., Mr. Michael  Joseph highlighted the bank’s long-standing commitment to housing development in Montserrat. “Over the years, Bank of Montserrat has partnered with government of Montserrat on a number of housing projects and we are pleased to announce that over the past five years our mortgage portfolio increased form eighteen (18) million in 2007 to forty one (41) million dollars in 2012. The Bank is proud of this investment of twenty three (23) million dollars in the housing stock of our country and will continue to invest more of our local savings to house Montserratians through such special housing programs,” he declared.

During this week earth moving and heavy equipment were seen in action on the site, which is located just back of, and north of The Montserrat Reporter offices. Someone forgot to invite TMR to the proceedings of the ground-breaking development. The Minister has since apologised for what he said was a teribble mix-up.