GEORGETOWN, Guyana, (DPI) – The government will be allocating more than 15,000 house lots to Guyanese by June 2025, signifying its robust commitment to empowering families through homeownership.
“We will allocate an additional – a minimum of 25,000 house lots this year of which over 15,000 will be accomplished before June of this year… Every house lot distributed represents the hope for a family,” minister of housing and water Collin Croal announced during his recent presentation at the 2025 budget debate in the National Assembly. Additionally, over 20 new housing areas will be developed across the country during this period.
These housing areas will be established in Regions One, Two, Three, Four, Five, Six, Seven, Nine and Ten, each equipped with the relevant amenities including roads, recreational spaces, drainage and electricity.
This undertaking forms part of the government’s ambitious agenda to addressing the high demand for house lots.
For example, housing allocations in Region Four will focus on areas on the East Coast of Demerara this year. The government plans to construct a minimum of 1,000 houses.
Guyana’s housing sector has seen an investment of $240 billion in four years.
Minister Croal pointed out: “We have laid a solid foundation from 2020 to 2024 by being prudent stewards of the budgetary allocations made to the ministry of housing and water.”
Since August 2020, 40,808 residential house lots have been distributed to families from various income brackets.
Already, over 500 lots have been allocated for 2025. The government is well on its way to surpassing its 50,000-house lot target by the end of 2025.
Since 2025, 85 new and existing housing areas have been developed in several areas including Balthyock, Amelia’s Ward, Charity, Yarrowkabra, and Palmyra.
The PPP/C government is working tirelessly to ensure that every Guyanese has access to affordable and sustainable housing.
Funds totalling $112.6 billion have been earmarked to advance developments in the housing sector.