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.
Join the Trinidad and Tobago WhatsApp update group: https://chat.whatsapp.com/DKueX7ZV35626FbOsKBt03
Follow us on Instagram: @news.tringlobe
Located aircraft with safe occupants; investigation ongoing.
The Hunter Search and Rescue Team receives a crucial vehicle to aid their operations in…
Street performers unexpected viral success leads to music video.
Demonstrators express outrage over police actions during recent protests in Linden, Guyana.
Trinidad and Tobago advances travel security with new e-passport initiative; deadline extended for proposal submissions.
St. Augustine Man Arrested in Drug Raid, Ammunition Seized in Cunipia; Valencia Man Arrested for