Thursday, May 30, 2024
HomeCBI ProgramsCaribbeanHousing Dominica delivers more hurricane-proof homes funded entirely with CIP funds

Housing Dominica delivers more hurricane-proof homes funded entirely with CIP funds

By Caribbean News Global contributor

ROSEAU, Dominica – Dominica’s Housing Revolution funded entirely by contributions from the Citizenship by Investment (CBI) programme delivered 254 more Dominican families the keys to their new homes and a new life in their community.

Dominica is known as the Nature Isle of the Caribbean and the CBI programme sponsors the country’s ambition to become “the world’s first climate-resilient nation”, a pledge made by prime minister Roosevelt Skerrit after the island was seriously affected by hurricane Maria in 2017.

“We’ll be handing over 254 keys to deserving and qualifying citizens in La Plaine and Delices, in Grand Fond, and in San Sauveur. These are 254 families who will no longer be in a vulnerable state. […] We will also be finalising the list of 30 names for Grand Bay – we have 30 homes ready in Grand Bay […] and we have 30 in Jimmit – I am hoping the papers can come to Cabinet as soon as possible, hopefully this week, so we can approve this and hand over the keys,”  prime minister Skerrit added, “some 34 homes being built Vieille Case, Penville and Thibaud shared among these communities.”

The Housing Revolution aims to build 5,000 new homes for affected families is one of many CBI-sponsored projects along with community facilities, health centres and modern infrastructure, changing the lives of people, creating economic viability.

Dominica is also home to the last indigenous tribe in the region, who generally live in the Kalinago Territory. While the Housing Revolution builds entirely new communities in safer locations across the island, most Kalinago beneficiaries had their new homes built on their own land, respecting their way of life.

“There are ten homes, I believe, that are completed in the Kalinago territory – they are ready,” the prime minister said. “They were built specifically for some families because we built on their lands and in Mahaut River and elsewhere. I’m very happy for these families and we hope that we can hand over the keys to them in the next few days as well.”

Dominica takes pride in being transparent in line with modern democracy showing where and what investors’ contributions are used for. By contributing to the Economic Diversification Fund under Dominica’s Citizenship by Investment Programme, foreign investors are rewarded with the country’s valuable citizenship.

The CBI Index, published by the Financial Times’ PWM magazine, disclosed that Dominica remains the best country for citizenship by investment. Applicants can invest in pre-approved hotels that are establishing a thriving ecotourism sector on the island.




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