Prime Minister Gaston Browne announced on Monday that his administration will secure a EC$ 50 million loan to complete 500 homes.
Speaking at the expansion of the National Housing Office, Browne did not indicate where the money will be borrowed from.
He said the loan which will also go towards home repairs, became necessary after funds had to be diverted in to other areas of national importance.
“I want to assure the people of Antigua & Barbuda, that before the end of this term, we will deliver on that mandate of 500 homes.”
The flagship campaign promise of the labour party has been to deliver 500 homes in 500 days but on the cusp of its third year in office, only 48 homes are finished.
A ceremony is planned next month to hand over some of the keys while the construction of more houses continues at various locations.
In 2014, the prime minister reportedly promised 5000 homes at the end of his government’s first term in office.
The opposition has been critical of the government for failing to deliver the homes in the promised time frame and for poor planning.