Home News Headlines Over $3mil in loan financing to be made available to public officers

Over $3mil in loan financing to be made available to public officers

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An additional $3.1 mil is being made available to public officers for home construction and repairs, through the Government Housing Loans Board.

Chairman of the Board Felix Thomas says this follows $5 mil that was made available earlier this year.

The funds were announced to assist with not only the construction of new homes, but also for home repairs, additions and extensions, and to increase home resilience.

Thomas reported that 28 public officers have benefitted from the initiative so far.

He says the additional funds were announced “because we are in the COVID crisis”.

According to the Chairman, the Board has received a number of applications, and will begin informing loan recipients that they were accepted.

Due to new pandemic restrictions in Dominica, however, this will be done via the telephone, and Thomas says physical processing will take place “when the weather is clear”.

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