Friday, August 12, 2011

Cayman Brac Gets Twelve More Homes

With in excess of $600,000 in available funds, The Sister Islands Affordable Housing Development Corporation (SIAHDC) recently made a planning application to build 8 additional homes at the West End site and 4 homes at Watering Place.
SIAHDC is a government-funded, not-for-profit entity formed in January 2006 to build affordable housing for those applicants who meet necessary qualifications. Phase 1 (4 homes) of the plan was completed just prior to Hurricane Paloma in 2008, and Phase 2 (4 additional homes) was completed in April 2010. Local contractors won the bids to construct phases 1 and 2 for $365,500 and $413,031 respectively.
The Watering Place site can accommodate 15 homes and the West End property has room for 20 to 30 homes. 
Successful applicants own their own homes and land outright.

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