{"id":123202,"date":"2021-01-28T12:25:57","date_gmt":"2021-01-28T16:25:57","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=123202"},"modified":"2021-01-28T12:25:57","modified_gmt":"2021-01-28T16:25:57","slug":"pm-announces-new-agreement-to-build-thousands-of-affordable-homes-in-antigua-and-barbuda","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/pm-announces-new-agreement-to-build-thousands-of-affordable-homes-in-antigua-and-barbuda\/","title":{"rendered":"PM announces new agreement to build thousands of affordable homes in Antigua and Barbuda"},"content":{"rendered":"
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The Government of Antigua and Barbuda, the United Nations Office for Project Services (UNOPS) and\u00a0Sustainable Housing Solution (SHS) have announced a programme aimed to ease demand for housing across Antigua and Barbuda and small islands in the Caribbean.<\/p>

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Prime Minister the Hon. Gaston Browne in Parliament today announced that UNOPS and its partners will construct\u00a010,000 affordable homes across the Caribbean, with at least 3,000 of them in Antigua and Barbuda.<\/p>\n

The project aims to generate more than $30 million of initial private investment, with the gross development value of the homes being at least $500 million.<\/p>

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Part of UNOPS Sustainable Infrastructure Impact Investment (S3I) initiative – a programme that aims to provide investors with opportunities to generate financial returns, while ensuring their contributions are making a positive social, environmental and economic impact on human development.<\/p>

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One of its goals is to de-risk and attract private investment to development projects around the world. So far, through this programme, UNOPS has committed close to $60 million towards projects with a total gross development value exceeding $45 billion.<\/p>\n

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UNOPS is partnering with the government of Antigua and Barbuda and the private sector to launch an innovative affordable housing programme which will create jobs and opportunities for local communities.<\/p>\n

\u00a0Over a ten-year period, UNOPS and Sustainable Housing Solutions (SHS)\u00a0will utilize construction technology that promotes sustainability, resilience, disease control and use of renewable energy to develop 10,000 affordable homes.<\/p>\n

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\u201cThe UNOPS vision to expand its development programme to the islands of the Caribbean, is perfectly aligned with the region\u2019s vision for economic, social, and cultural prosperity, driven by knowledge, excellence, innovation, and productivity.\u00a0 This ais a welcomed project that will increase the nation\u2019s affordable housing stock and complement the large-scale housing initiatives undertaken by the Government thus far.\u00a0 Affordable housing will not only satisfy an extremely high demand for quality, durable homes but will also improve the living standards for many across the region,\u201d PM Browne stated.<\/p>\n

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\n<\/em>As part of a broader programme to construct and distribute low-cost and resilient housing materials\u00a0across the Caribbean, these homes will deploy energy efficient solar panels, waste to energy technology and mosquito repellent coating.\u00a0In total, the agreement aims to develop at least 3,000 homes in\u00a0Antigua and Barbuda and\u00a07,000 homes in neighboring Small Island Developing States.<\/p>\n

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\u201cThis is an important project for Antigua and Barbuda and the Caribbean.\u00a0 Building houses that are sustainable and affordable will allow more people to own their own quality homes and will help stimulate the local economy in the process.\u00a0 This project will bring new jobs, offering workers opportunities to develop their skills and learn new trades,\u201d said Prime Minister Browne.<\/p>\n

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UNOPS S31 Chief Executive, Mr. Vitaly Vanshelboim\u00a0 said that: \u201cS3I is delighted to make yet another tangible contribution to the country\u2019s strategic development priorities. Following our successful collaboration with HE Prime Minister\u2019s Government in the field of innovation and technology, we will now embark on rolling out an even more ambitious initiative aimed at meeting one of the crucial SDG goals in the domain of affordable housing, and enabling both high-quality resilient construction and provision of sustainable mortgage financing.\u201d<\/p>\n

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Prime Minister Browne has committed to support this project amongst other leaders of the sub-region. A sea transport service will also be set up to ensure building materials can reach islands where homes are constructed. The project will also include steps to help the government in supporting its employees to get on the housing ladder, through a payroll deduction model.<\/p>\n

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SHS Chairman, Dr. Allen Zimbler\u00a0 said: \u201cSHS Holdings is honoured to announce an agreement with the Government of Antigua and Barbuda and our valued partners at UNOPS to build at least 3,000 sustainable and affordable housing units in the country and another 7,000 units in the region.\u00a0 Our local factory will make use of local materials wherever possible, employing local labour and developing local skills, creating a significant number of jobs in the utilisation of our proven technologies to construct robust, environmentally-friendly sustainable housing.\u00a0 We believe that it is the right of all people to live in safety and dignity. Home ownership is the cornerstone to the creation of stable and productive communities. It is our privilege to participate in a noble and worthwhile initiative of this kind\u201d.<\/p>\n

UNOPS mission is to help people build better lives and countries achieve peace and sustainable development. We help the United Nations, governments and other partners to manage projects, and deliver sustainable infrastructure and procurement in an efficient way. Read more about UNOPS:\u00a0www.unops.org<\/a><\/p>\n

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UNOPS S3I seeks to de-risk and structure infrastructure investment projects in an effort to help attract financing from the private sector to national development agendas. Projects selected are subjected to a rigorous and comprehensive due diligence process that will ensure a positive environmental, social and economic impact, while offering risk-mitigated above-market financial returns for private sector investors:\u00a0www.unops.org\/impactinvesting<\/a><\/p>\n

\nSustainable Housing Solutions (SHS) bring innovative, eco-friendly housing, energy, water and health protection techniques and applies them at scale in the developing world. SHS works with governments, NGOs and the private sector to create safer and more sustainable environments for generations to come.\u00a0https:\/\/shsholdings.org<\/a><\/p>\n

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The Government of Antigua and Barbuda, the United Nations Office for Project Services (UNOPS) and\u00a0Sustainable Housing Solution (SHS) have announced a programme aimed to ease demand for housing across Antigua and Barbuda and small islands in the Caribbean. Prime Minister the Hon. Gaston Browne in Parliament today announced that UNOPS and its partners will construct\u00a010,000 […]<\/p>\n","protected":false},"author":3,"featured_media":123203,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[118,119,117,116,107,88,102,94,96,91,90,99,92,114,115,98,108,106,104,109,95,105,110,112,113,111,101,103,97],"class_list":["post-123202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-268-antigua","tag-268-antigua-barbuda","tag-268-antigua-today","tag-268-today","tag-advertise-in-antigua","tag-antigua","tag-antigua-barbuda","tag-antigua-and-barbuda","tag-antigua-breaking-news","tag-antigua-caribbean","tag-antigua-crime","tag-antigua-economy-news","tag-antigua-news","tag-antigua-news-rooom","tag-antigua-observer","tag-antigua-politics","tag-antiguan-news","tag-barbuda","tag-barbuda-news","tag-barbudan-news","tag-breaking-news-antigua","tag-news","tag-news-antigua","tag-news-antigua-barbuda","tag-news-antigua-and-barbuda","tag-news-barbuda","tag-news-in-antigua","tag-news-in-barbuda","tag-tourism-news"],"yoast_head":"\nPM announces new agreement to build thousands of affordable homes in Antigua and Barbuda - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/pm-announces-new-agreement-to-build-thousands-of-affordable-homes-in-antigua-and-barbuda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM announces new agreement to build thousands of affordable homes in Antigua and Barbuda\" \/>\n<meta property=\"og:description\" content=\"The Government of Antigua and Barbuda, the United Nations Office for Project Services (UNOPS) and\u00a0Sustainable Housing Solution (SHS) have announced a programme aimed to ease demand for housing across Antigua and Barbuda and small islands in the Caribbean. 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