St. Martin News Network

Philipsburg: ----- The Executive Council has sent the draft memorandum of understanding (MOU) to the St. Maarten Housing Development Foundation (SHDF) on the joint development on the Hope Estate Project. Leader of government and commissioner of Housing William Marlin said the executive council has taken a decision financially supporting the St. Maarten Development Foundation in the purchase of 80, 000 square meters of land in Hope Estate.

Marlin said the houses that will be built on the property are for persons with middle income while they are also looking at standard homes, which will be sold to those persons that are granted 100% financing. He said government is already in discussion with the financial institution that would grant applicants 100% finance to the prospective buyers.

Marlin made clear that the St. Maarten Development Foundation would not be building houses and then look for buyers. The institution would be using their database as well as they would make a public appeal for persons who are interested in the project. He said those that applied would go through a selection process that will be presented the financial institution and if qualified the homes would be built on their behalf.

He said the SHDF would not have a situation where they would be burdened with paying a loan and government intends to complete the project based on partnership.

Marlin said government also identified two other parcels of land where they would be developing housing projects. One of the projects he said would be for middle income while the other low-income families. He said the intention is to build at least 50 two-bedroom apartments that would also be for sale. The apartments that would cater to low income families would be on rent. At the Hope Estate he said the 72 are being built, there would be another project with three bedroom apartments, which will, geared toward low-income earners.

2 Comments

jo jo September 20, 2009 190.102.14.52 Votes: +0	WHAT ABOUT THE SALE of the Duplex houses in Belevdere it will be nice if they could be sold to the poeple whom are in need of them, some consideration should be given to these people that have been renting some for 10,12 years and have already paid up to $ 80,000:00 in some cases and nothen have been done to fix the homes sence they move in to it , My God Mr Marlin have some kind of mercy on these people, where most of them WORK FOR YOUR GOVERNMENT, are civil servents, they do not want to be servents to St Maarten Housing Foundation all the day of there lives, wondering when there are going to be put out because they can not pay the rent, HELP UP PLEASE ,Thanks for showing some consideration report abuse vote down vote up
you stay there !!! September 20, 2009 200.7.63.93 Votes: +1	Never going to happen with this fellow around. Theo take back housing you the man that help the small man. report abuse vote down vote up