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Follies Sale Figures Don't Add Up

Follies sale figures don't add upConflicting information has come from officials within the Ministry of Agriculture, as figures recently announced by Minister Hilston Baptiste do not correspond with those available at the Central Housing and Planning Authority (CHAPA) regarding the Follies and North Sound housing projects.

Baptiste said during his budget speech that, “In the North Sound project we are now completing 18 of those houses, and we have 18 owners who are willing to be in them, so we are going to start with that. ... The Follies project, 40 houses have been completed and we have sold 32 of them.”

However, information coming from CHAPA this week said only seven of the almost 50 completed lots at Follies had been sold, and none of them are occupied. The North Sound project was, until recently, at a standstill.

In December, Caribarena.com reported that none of the houses had been sold, and that infrastructure had yet to be completed in the development. In addition, it was reported that interested buyers were unable to come up with the requirements for financing.


The homes at North Sound, according to information from CHAPA, are reserved for civil servants at a cost “much less” than those at Follies. This project began with a grant from Venezuela, but was halted for unspecified reasons.

“The project is on hold at this time,” was all Caribarena.com could gather from CHAPA about this subject on Monday afternoon.

Minister of Finance Harold Lovell said on Monday night, however, that the project had resumed earlier that day.

Ambassador to Venezuela Joan Underwood, who is also chief implementation officer in the Office of the Prime Minister, said she was unaware of the reasons for the delay.


Underwood was involved in the initial negotiation stages of the project some years ago.

“I am not intimately involved with that project anymore," she said. "My involvement ended when funding was secured."

Regarding Follies, we were told by CHAPA that the homes are shown at least six times a week, with viewings at 10 am and 2 pm on Mondays, Tuesdays, and Thursdays.

Initially referred to as a low-income government housing project, properties start at around $209,000 and fluctuate according to plot sizes. Mortgages for the homes are available through Scotia Bank.

See related stories:

Low Income Earners Fall Short of Follies

Follies Homes Still Unoccupied

Prospective Owners Invited to Follies

Baptiste Promises More Housing

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24 Comments In This Article   

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lest i forget. a promise is a comfort to a :

#24 BredaMan » 2011-05-27 16:53

it hit me the other day that we are going in circles. last year news report say's that Government is ready to sell but no one can get a Pre-Approved bank loan , now it's 2011 and the banks have Pre-Approved some customers only to now hear that CHAPA is holding the houses hostage.
Aren't the previous Ransoms high enough $210000 - $413000.00.
Zero sang it best ( the pour man feeling it , in de pocket ,he feeling it he feeling it.) can't even buy a lotto ticket that gone up too $6 .
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BredaMan

disappointed

#23 female......was glad » 2011-05-15 13:59

i was glad when i found out about these homes finally i said to myself i can now afford a sensible home for myself and children.....bu t reading this article i am very disappointed ...........i will never be ale to afford a home no time soon.....(un-le ss)------> i win the lotto
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female......was glad

#22 CountryMan » 2011-02-04 11:16

@Professor,
That is the reason why you are the Professor. Good job You are being very generous with me. Thanks that was a major error on my part.
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CountryMan

@ Countryman ... a little correction ... you need to make EC $4000. per month to afford the cheapest house

#21 Professor » 2011-02-04 10:08

Mortgage must not exceed 35% of monthly income

House Cost $200,000
Scotia mortgage rate 8%
5% down payment $10,000
Mortgage Amount $190,000
Loan duratuion 30 yrs.
monthly payment 1394.15

PLUS

mortgag e Insurance
prope rty insurance
life insurance
legal fees
land transfer taxes
light bill
water bill
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Professor

Where is our leader??

#20 antiguaninja » 2011-02-04 05:40

Can someone inform me where is our nations leader in all this, its like he is "diff" blind and DUMB to certain things, concerning certain matters with in his party which is unfortunately the government.
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antiguaninja

@ tenman

#19 skyewill » 2011-02-04 04:44

tough crowd thanks bro. Niotice I did not blog on the SIC issue. I think some people think we are stupid. I got to stop taking them serious. The one thing I know is even if they find out they are wrong they will never admit it. would rather be dead than wrong. But the lies. Look you in your face. Your favorite boy is good for that. look you in your eyes and tell you anything. that is why i don't even bother
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skyewill

#18 CountryMan » 2011-02-04 04:37

The issues being brought to light should be enough for the Prime Minister Spencer to relieve Minister Baptise as the Mister to whom CHAPA reports take control of CHAPA. Bring back the strong managers who had they not been pushed out CHAPA would have been a model among Statuary Bodies.
Baptist e has no creditability, he is out of his league. His only management skill is to be a bull in a china shop.
This is neither an inducement of the Government or the UPP. Its simply time to act without evocation. The real picture has not emerged as yet; so this is the time to act and save the day.
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CountryMan

@ Interesting

#17 skyewill » 2011-02-04 04:36

Tough driving and texting. However this is called blogging get the idea..Profile: Antiguan woman, a little over weight, unhappy? parents beat you. Need a hug?
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skyewill

#16 CountryMan » 2011-02-04 04:26

@TenMan,
Thanks .......... I generally don't plug numbers that I am not sure about. Once all the costs are factored ,these are not affordable.The bottom line is that none of this adds up.
What I am afraid of is that their will not be an recognition or admittance that these projects are in deep trouble. They will figure point and look for scape goats while things gets worse and more costly to dig these project out of the deep hole they are in.
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CountryMan

CountryMan

#15 tenman » 2011-02-04 02:54

CountryMan don't forget the insurance for the home (around 3200 a year) at the cheapest @16.00 per thousand and life insurance for the borrower. I have broken down the figures in past posts to articles on this subject

..
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tenman

Anthing but Foolie

#14 CountryMan » 2011-02-04 02:42

@Foolie
I'd like to change your name but I don't have your authority but if a may I will refer to you as "Anything but Foolie" If you don't mind.
The average Civil Servant makes less than $2,700 per mth. The cheapest house at North Sound will be $200,000 unless the Government saves itself the impending embar**ment and heavily subsidies these houses.
Scotia mortgage rate is around 8%
Assume 5% down payment =$10,000
Mortga ge Amt $180,000 @30 yrs. = 563/ mth plus Insurance, plus APUA.
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CountryMan

Nothing Adds Up

#13 CountryMan » 2011-02-04 02:25

@Foolie,
You are anything but foolie. if there is one time Caribarena got the headline right. This is it
The sales numbers don't add up. The number of units don't add up. The funding numbers don't add up. The construction numbers don't add up. The status of the projects don't add up. The Affordability figures as Foolie says don't add up. By every measurement nothing on these projects adds up.
The Spin Doctors are hard at work, rather than coming clean. Stay tuned for the Spin Doctors
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CountryMan

ROOTs of the disaster Pt.1

#12 CountryMan » 2011-02-04 02:17

There was a time when Minister Baptiste would issue a Press Release every week . It was generally well received for it gave the Media something to write or talk about. The validity of those Press Releases were never questioned.. Minister Baptise was praised for keeping the public informed. In fact the public was being hood winked
CHAPA is the government statuary body responsible for building Affordable Housing. Minister Baptiste got rid of the CHAPA 's no-nonsense Chairman. CHAPA was being turned around and was run like a professional organization as CHAPA should be. Chairman Crump and Board members who did not tow the Baptiste disastrous line was sent elsewhere. This enabled Baptiste to run rxxxh xxxd over CHAPA once it was run and controlled by his hand picked Board members and Executives.
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CountryMan

2+2

#11 foolie » 2011-02-04 01:39

these homes were never for poor people ... if i take home 2000 a month how can i pay a morgate for 2000 a month 2 minus two must = pleanty money or foolie beedie
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foolie

Sick and Tired

#10 maco » 2011-02-04 01:16

I am sick and tired of lies and incompetence from this government. When will be able to take these people at their words?It has become too much for me to handle now.
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maco

Skyewill

#9 tenman » 2011-02-04 01:02

Skyewill I am looking forward to that article. As stated by the young people these days "ignore the haters"

..
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tenman

@cOUNTRYMAN

#8 tenman » 2011-02-04 01:00

CountryMan well said. Part of the problem is he can tell people we get loans with moratorium and they stay quiet because we too lazy to realize how crazy the Courts like financing is. We have a government that likes to speak of a past government which did not pay yet it is willing to take goods on credit with 5 or 10 year moratoriums. Yes the other party they claim pass the debt onto our children but they seem willing to just pass it down another election at which chances are Baptiste would have already retired.

..
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tenman

@ Skyewill

#7 Interesting » 2011-02-04 00:40

Right NOT "Write\"

Diffi cult NOT "Dificult"

Com ing NOT "Comming

If you want to be taken seriously by someone like me who would be very interested in reading such an article, then the use of correct spelling and grammar must be considered.
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Interesting

#6 browngal » 2011-02-03 23:56

Do I smell a Public Enquiry?
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browngal

@ Native Son

#5 Skyewill » 2011-02-03 23:33

I am writing an article that will explain why nothing goes write in Antigua. I believe I figured it out but It is dificult form me to put it on paper for the moment..Comming soon. I feel you man. It is so sad. I am not addressing any minister or political party. they are not the blame. it is us the voter ultimately. How ever Years of Classical Conditioning, Operant Conditioning, and Observational Learning from the slave owner and each other have lead us to believe our own lies. We now believe we can fly so we are all jumping off the bridge.
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Skyewill

Weep For Antigua and Barbuda

#4 Native Son » 2011-02-03 22:44

That we continue to get things wrong is unbelievable. Where are our DCA/Municipal Engineers? Where has our Civic Pride gone? Some Fifty years ago, a Government of Leaders with 7 standard education cleared out the Garlings Slum and built very modest yet very need housing in Top Ottos, complete with a school, paved roads, electricity, domestic water, sanitary and storm water infrastructure, public latrines and public showers. Today we see development being designed and built with no infrastructure - "Build it and they will Come seems to be the philosophy". This is a Government Project. Where is the DCA? The most amazing situation I have found is in the Blue Waters Area where two of the most expensive houses have been recently completed within a stone's throw of one of the leading Civil Engineers in the Land. A concrete road complete with Curb and Gutter with an Electric Pole some two feet into the road. Who is minding the Development Shop? Keep The Faith
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Native Son

Another Baptise debocle Pt. 2

#3 CountryMan » 2011-02-03 22:36

So you think crumbling sidewalks in St. Johns and a mothballed parking garage represent poorly spent money. If you want to see an economic disaster in the making take a close look at North Sound and Follies housing projects.
The spin and lies coming out of Baptiste leaves CHAPA to spin like a top. What grant? The project is financed by a loan. How many times has Baptiste come before the press or issued press releases stating that the project is financed with concessionary loans from the Venezuelan Government. Is CHAPA telling the public that the Venezuelan Government have converted the loan into a grant.? What is it a loan or a grant?
If the financing is a grant from Venezuela, why are the house sale prices so high? Its time for Minister Baptiste to call a joint news conference with CHAPA and explain to the Antiguan people what is really going on since the tax payers are on the hook.
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CountryMan

Another Baptise debocle Pt.1

#2 CountryMan » 2011-02-03 22:20

I hope no one is surprised by this. The Government of Antigua (no the tax payers of Antigua) will be saddled with another albatross around their necks. You have a system of "know it all" Ministers who are accountable to no one. Baptiste was well informed that these projects as planned were heating for failure before he started. He pressured for Clarance Crump to be removed a Chairman of CHAPA so he can run CHAPA like he ran his defunct restaurant business. This is what you get when their is no system of accountability
Here are some simple questions for Baptiste and CHAPA:
How many houses scheduled to be built at North Sound?
What is the cost and what was the schedule?
How many have been completed and how much money has been paid to the Venezuelan contractor?
Wha t is causing the delay and when will the homes under contract will be completed?
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CountryMan

#1 Morris » 2011-02-03 21:27

A classic case of "Lies and the lying liars who tell them." Question for our elected officials, can we get anything right, especially our stories?
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Morris

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