NEWS

Over 1000 Fijians Benefit from $8m House Grant

Over 1000 Fijians have been assisted through the First Home Buyers Grant, costing Government $8 million, says Minister for Local Government, Housing and Environment, Parveen Bala. Mr Bala confirmed this
24 May 2017 11:00
Over 1000 Fijians Benefit from $8m House Grant
Minister for Local Government, Housing and Environment, Parveen Bala outside Parliament on May 23, 2017. Photo: Ronald Kumar.

Over 1000 Fijians have been assisted through the First Home Buyers Grant, costing Government $8 million, says Minister for Local Government, Housing and Environment, Parveen Bala.

Mr Bala confirmed this in his ministerial statement in Parliament yesterday.

He said home ownership was a platform for social stability.

“The First Home Buyers was an initiative of Government which didn’t exist in the past.

“And the FijiFirst Government had the foresight, vision and preparedness to deliver the First Home Buyers Grant and to continue to improve on the processing and accessibility model from day one,” Mr Bala said.

The Government, he said processed the first grant in 2015.

“This was a response to providing a kick start to many aspiring home owners; this policy enables home owners to either purchase their readily built home through the $5000 grant or purchase of land and construction of home through $10,000 grant,” Mr Bala said.

He said the grant was applicable to those Fijians whose annual earnings were below $50,000 and above the ages of 18.

“Since its inception in 2014, the Government has set aside a budget of $20,699,500 to the first home buyers to be applied through the First Home Buyer Grant Policy.

“A dedicated team of officers at my ministry carefully assess all applications for the First Home Buyers grant; providing due diligence to protect the interests of home-buyers, the Government and financiers.

“This includes assistance from the Solicitor-General’s Office in the vetting model and procedural requirements to be undertaken while assessing applications,” Mr Bala said.

“Madam Speaker, I can announce with a great sense of achievement that we have successfully cut down our processing times by more than three times.

“From an average of 109 days it initially took to process an application, it now only takes 24 days to process and make decisions over an application.”

Edited by Caroline Ratucadra

Feedback:  arieta.vakasukawaqa@fijisun.com.fj



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