BVI News

Gov’t allocates initial $3.4 million to Land Bank initiative

Premier Andrew Fahie

The Andrew Fahie administration is keeping true to an election promise by making its first cash injection into its Land Bank initiative.

Premier Fahie, who is also Minister for Finance, made that announcement during the recent budget debate inside the House of Assembly.

He said: “Your government has made an initial allocation of $3.4 million towards the Land Bank initiative that I have been discussing over the past months.”

“One of the primary goals of this initiative is to make affordable housing a reality for our people,” Fahie added.

Long-time coming

The Premier did not divulge any further information on the initiative. But while on the campaign trail back in January, Fahie described the initiative as an avenue he would use to provide young persons with cheaper ways to purchase land and to build their homes.

He said at the time that, if his Virgin Islands Party wins the February 25 election, he would create a land bank and tie it to a community project.

“We are going to buy land in every district because right now young people don’t care if the fire truck pass or the ambulance pass. They don’t look because they don’t have anything at stake…they can’t afford land,” he said during a public meeting in Huntums Ghut.

Fahie had further explained: “What we are going to do is that when you pay your deposit which would be an agreed amount if you cannot pay the balance of it, you will enrol in a government-approved community project or programme and the hours you spend in them will be credited towards the balance that you owe for the land.”

Notably, the land bank initiative was a promise that was never fulfilled by the ousted National Democratic Party administration who spent the last two terms as government.

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8 Comments

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  1. wow says:

    The “hands out” syndrome continues

    Like 9
    Dislike 5
  2. Youth says:

    Awesome.

    Good looking out for the young, educated hardworking locals who need incentives to stay here.

    Let the people have their land.

    Like 17
    Dislike 5
  3. Ausar says:

    Great news, Premier Fahie!

    Ownership of land in this country is becoming difficult, even for those who are not so young!

    This is a neccesary step forward, for the continuity and the preservation of the homeland!

  4. I 2 says:

    Put out the full details of how and when this is to work.

    Like 5
    Dislike 1
  5. i wanna know says:

    land for those who were recently given belonger status???

    Like 3
    Dislike 5
    • @I wanna know says:

      Don’t mind the pity me attitude. Those people have built houses some own many properties in their home land. They are better off than the Virgin Islanders. What’s happening now is just icing on the cake.

      Like 4
      Dislike 2
  6. Clearly says:

    Clearly this Premier and his team are doing far better than we expected and far better than that last corrupt ndp gang.

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