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Cayman Islands Government

Affordable Homes for Brac

One of the homes built by SIAHDC.

For Brac residents the dream of owning their own homes has just gotten a step closer. The Sister Islands Affordable Housing Development Corporation (SIAHDC) is encouraging potential homeowners to begin the application process.

The screening process considers areas like income, property ownership and family situation.

The first Phase is complete with eight homes occupied on the West End site. The second phase of the affordable homes on the Brac includes 12 homes - eight for West End and four for the Watering Place sites. This current phase calls for (one) 2-bedroom and (three) 3-bedroom homes at the Watering Place location, and (two) 2-bedroom and (six) 3-bedroom homes at West End. The plans are similar to the existing homes, which are 855 sqft for a 2-bedroom home and 1,073 sqft for a 3-bedroom house.

SIAHDC Board Chairman Christine Maltman encourages all residents who consider themselves eligible to make an application. "We have secured building permits for all 12 of the Phase 2 homes and we are presently seeking interest from suitably qualified building contractors in Cayman Brac. In addition to being able to help facilitate affordable home ownership in Cayman Brac, the SIAHDC is happy to be able to help stimulate the construction industry in the Brac."

The Watering Place site can accommodate 15 homes and the West End property has room for 30 homes. Successful applicants are essentially pre-qualified through the SIAHDC application process and then they negotiate with the bank to secure a mortgage in order for them to own their own homes and land outright. Acting Premier the Honourable Juliana O'Connor-Connolly whose Ministerial responsibilities also include District Administration said she was happy with the progression of the development despite the many challenges the project has faced.

"Given the context of current global economic conditions, I am delighted the Board has risen to the challenge of providing quality built and affordable homes under prudent financial management," she commented.

There is nothing like owning your own home the Minister said. "This is life changing and is all part of growing a community, a family and becoming good and productive citizens of these islands.

I am pleased that we in Government can do our small part in helping citizens to realise their dream," the Brac MLA Deputy Premier said.

For more information regarding Sister Islands Affordable Housing Development Corporation or to collect an application form please call 948-8177 or e-mail siahdc@candw.ky or visit the SIAHDC Office, Unit 8 Avistar Building.