Guyana’s Housing Foundation Aid Nears GY$1 Billion (US$4.8 Million)
Guyana has disbursed close to GY$1 billion (US$4.8 million) on concrete foundations for house lot owners, Minister Collin Croal said, anchoring a 40,000-home push funded by oil revenues. The post Guyana’s Housing Foundation Aid Nears GY$1 Billion (US$4.8 Million) appeared first on The Rio Times .
Guyana's Housing Foundation Aid has reached an impressive GY$1 billion (approximately US$4.8 million) in spending over the past three to four years, according to Housing Minister Collin Croal. The initiative, launched in July 2026 in the Leonora and Meten-Meer-Zorg schemes of Region Three, provides standardized reinforced-concrete foundations for homes of 400, 600 or 950 square feet.
This crucial step assists house lot beneficiaries in starting the most expensive phase of construction. The programme is set to expand nationwide in the coming months. The oil-funded subsidy is part of Guyana's broader plan to build 40,000 homes over the next four years, complementing over 53,000 house lots allocated since 2020.
Oil revenues account for 32 percent of the 2026 budget, with GY$159.1 billion (about US$761 million) designated for the housing programme.
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