Government Launches $3m Social Housing Fund for Vulnerable Families
The government has pledged that its new National Housing Renewal Initiative will prioritise support for the country’s most vulnerable families.
This week, Cabinet approved the creation of a Social Housing Development Fund with an initial $3 million allocation. Maurice Merchant said beneficiaries will be selected through a rigorous vetting process overseen by a dedicated board, which will prioritise applicants based on need.
The fund will operate on a non-profit basis, sustained by government and private sector contributions, with future replenishment through investments. Officials say the approach is designed to ensure that resources are targeted effectively and maximise the impact of every dollar spent.
