Monday, December 23, 2024

CBI funded Hurricane Relief Fund benefited 900 families

The Hurricane Relief Fund (HRF) which ran from Sep 2017 to Mar 2018 established under citizenship by investment program  in St Kitts and Nevis has benefited 900 families  in St Kitts and Nevis with hurricane relief assistance to restore their homes damaged by Hurricanes Irma and Maria last year.

 

This was announced by PM Harris on Aug 30 conference. The Government also announced that over 1200 CBI applications were received under Hurricane relief fund option. The HRF was replaced by Sustainable Development Fund requiring the same contribution amount to USD 150,000 after its expiry. St Kitts Government already issued over 16,000 passports under the CBI program

 

The St. Kitts and Nevis Prime Minister noted that more than two thousand families to date have benefitted under the Unity Housing Solutions Programme. This includes the 900 families assisted through the Hurricane Relief Fund, 219 houses allocated under the Unity Housing Solutions Scheme, the 450 people assisted by the National Housing Corporation’s (NHC) HELP initiative, another 387 persons benefitting from the government’s first time homeowners programme, and an additional 93 individuals who benefitted through mortgage loans from 2015 to 2018 from the FREESH and GRASP programmes at National Bank.

 

Prime Minister Harris continued, “The joy on the faces of the recipients of homes over the last two weeks has inspired us to move faster and to build more homes. Come next week even more homes will be distributed, this time in East Basseterre, bringing the total to 219 the number of homes distributed by my administration. Another 100 units are at various stages of completion.”

 

“This has been the most comprehensive housing response by any government in any time in our history,” the prime minister added. “No other administration in living memory has been able to do what we have done as quickly as we have.

Imagine this historic record of accomplishments in just over 3 years.”

 

Source: SKNIS

Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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