Budget Speech 2011 - Government of Grenada

The Grenada Home Improvement Scheme consists of two components:
House Repair and Soft Loans. This year, an allocation of $2.3 million has
been made for this programme.
Chinese Housing Project
This project is jointly funded by the People’s Republic of China (PROC)
and the Government of Grenada. The first phase of this project is currently
ongoing with construction at Mt. Gay (181 units), Frequente (28 units) and
Soubise (158 units) for a total of 361 housing units. The cost of this phase
is EC$35 million and should be completed by June of this year.
In respect of the second phase, four sites: Frequente, St. George, La
Calome, St. David, Diamond, St. Mark and Mt. Rose, St. Patrick have
already been identified. These four sites would accommodate a total of 390
housing units. If the need arises Morne Delice in St. David or Dumfries in
Carriacou could be added as a fifth site to increase the number of units in
this phase. These sites were selected on the basis of:
a) Availability of suitable crown lands.
b) Proximity to existing residential and commercial subdivisions
which would provide both social and commercial facilities to the
new householders.
c) Transportation links.
d) Ease of development.
e) Environmental factors,
f) Lack of vulnerability to natural hazards,
g) Compliance with land use zoning regulations and other
recommendations as contained in the National Physical
Development Plan (NPDP).
The table below gives a breakdown of the amount of land available for
housing and the number of housing units to be built at each of the four
sites mentioned above.
Page 78
2011 Budget Statement