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Friday, 04 February 2011 06:57
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By Alex Holder
Conflicting 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
24 Comments In This Article
lest i forget. a promise is a comfort to a :
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 .
BredaMan
disappointed
female......was glad
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.
CountryMan
@ Countryman ... a little correction ... you need to make EC $4000. per month to afford the cheapest house
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
Professor
Where is our leader??
antiguaninja
@ tenman
skyewill
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.
CountryMan
@ Interesting
skyewill
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.
CountryMan
CountryMan
..
tenman
Anthing but 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.
CountryMan
Nothing Adds Up
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
CountryMan
ROOTs of the disaster Pt.1
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.
CountryMan
2+2
foolie
Sick and Tired
maco
Skyewill
..
tenman
@cOUNTRYMAN
..
tenman
@ Skyewill
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.
Interesting
browngal
@ Native Son
Skyewill
Weep For Antigua and Barbuda
Native Son
Another Baptise debocle Pt. 2
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.
CountryMan
Another Baptise debocle Pt.1
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?
CountryMan
Morris
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