The Housing Development Corporation (HDC) is grappling with an increase in unauthorized occupation of its housing properties. Nearly 1,000 state-owned homes, valued at an estimated $500 million, are currently occupied illegally. Instead of evicting the squatters, HDC is trying to regularize their status if they qualify for a mortgage. However, this approach does not sit well with legitimate applicants who have been waiting for years for public housing. The corporation is also facing a severe financial crisis and is seeking a $1 billion international loan to stabilize its operations. HDC’s current debt stands at about $1.1 billion, including $600 million owed to suppliers and contractors and $300-$400 million to its pension fund. Khan, the HDC chairman, accused the previous administration of mismanagement and plans to cut expenses by deploying HDC’s in-house workers for basic maintenance tasks instead of relying on private contractors.
Join the Trinidad and Tobago WhatsApp update group: https://chat.whatsapp.com/DKueX7ZV35626FbOsKBt03
Follow us on Instagram: @news.tringlobe
Opposition Leader Azruddin Mohamed addresses criticisms from Aubrey Norton regarding his political motivations, asserting that…
The community of San Ignacio comes together for the groundbreaking of the new STEAM pavilion.
Community grapples with the implications of a shooting over a motorcycle, questioning societal values.
Retired Deputy Commissioner Dr. Paul Williams expresses concerns about the competence and leadership within the…
Prime Minister Kamla Persad-Bissessar shares her message for Corpus Christi 2026.
Police mobilize in East Port of Spain to prevent an unauthorized 'Peace Walk' to promote…