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Government Builds 40K Homes in 5 Years | Guyana News
The government has poured nearly $240 billion into housing since 2020, handing out over 53,000 lots, clearing 24 squatter settlements, and launching 100+ new housing areas—giving land to 128,000+ people. To boost affordability, they slashed VAT on building materials, lowered mortgage rates, raised low-income loan caps to $30 million, and made housing loan interest tax-deductible—returning $43.8 billion to families. Popular programs like Young Professional Homes and turnkey units are in high demand, prompting a new goal: build 40,000 homes in five years. With over 270 contractor bids already…
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