Trinidad and Tobago’s Housing Development Corporation (HDC) is tightening rules around selling and transferring subsidized homes. The new regulations aim to prevent subsidized homes from being quickly resold for profit. Homeowners cannot sell, transfer, or assign their property within the first ten years of signing their Deed of Sublease, except in rare, internally-approved cases. For homes over ten years old, a 10% fee based on the original purchase price will be charged upon assignment. If a homeowner dies and the property is transferred to legal heirs, a 5% fee will be applied. HDC maintains that these measures are necessary to ensure the sustainability of the subsidized housing program and to keep affordable homes accessible to those in genuine need.
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