The Chairman of the Saint Lucia National Housing Corporation (NHC), has told reporters that financing remains a crucial problem for the body.
Senator Timothy Mangal explained that because of the money issues faced, the NHC has had to look at innovative measures.
“We did launch the PPP, The Public Private Sector Partnership arrangement some time in September last year and that is especially because of the financial situation of the NHC,” Mangal disclosed.
He said the NHC is looking forward to partnering with the private sector to ensure that it meets the mandate of having homes and house lots available for Saint Lucians.
Mangal declared that the initiative was going ‘pretty well.’
“Very soon we will be making some announcements as to ground breaking ceremonies on a couple projects,” he stated.