Those earning less than $10,000 and living in an informal settlement will be able to get a market valued land worth $40,000 for $4000 under the proposed lot allocation policy.
Housing and Community Development Ministry permanent secretary Sanjeeva Perera made this announcement at a public consultation in Lovu, Lautoka this week.
“What does it mean going forward? It will not only help you get a loan, it will also help you to get financial assistance for your home,” he said.
“You will have a land that will be valued at $40,000 or $50,000 with land titles, that’s a huge buffer there.” He said the land would be a “valuable security”
