Booby Alley condominiums (screenshot of Pointe Broadcasting Network)
Most units at Pelican Court are expected to be offered through low-interest mortgages rather than long-term rentals, Prime Minister Gaston Browne has disclosed.
Browne said the homes could be priced at approximately EC$150,000, with repayment spread over 25 years at an interest rate of roughly three to four per cent. He estimated that monthly payments could be below EC$800.
Former residents who owned homes on the site will be prioritised and offered swaps, while other units may be sold or rented. The administration prefers mortgages because publicly rented housing complexes can be difficult to maintain over time.
The Prime Minister also suggested attaching property-management fees to residents’ utility bills after homeowner associations at other developments struggled to collect maintenance contributions.
Strict bylaws, on-site managers and a possible police outpost form part of the plan to protect the investment and prevent the complex from deteriorating.
Give gaston another 5 terms in office and the country will be transformed in a way that makes other countries look small
Hahah police outpost.. I love it. Make sure none of the bad seeds that were there before returns with their dirty nasty corrupt ways
I thought these homes were to be “rent to own.”