Gov’t to give tax incentives to home builders
This is to also ensure that home builders and house lots applicants get value for their money, Minister of Communities Ronald Bulkan said. Addressing the close-out ceremony of the Government of Guyana/Inter-American Development Bank (GOG/IDB) Second Low Income Settlement Programme last week, he stated that focus will also be on ensuring that basic infrastructure, (electricity, roads, water, drainage) are in place, as house lots are issued.
According to the Government Information Agency (GINA), the Minister said that as part of making the process easier, government is working with financial service providers to facilitate affordable loans to home builders. It will also be seeking to give tax incentives to encourage home builders to use locally produced materials.
It was noted that government will also standardise building and safety codes, support volunteerism to help those in need of assistance to build homes, and build starter homes across Guyana, for those in need of transitioning from rented homes to home ownership.