(CMR) With the urgent need to tackle housing challenges, the Ministry of Planning, Agriculture, Housing, and Infrastructure (PAHI) has contracted Public Works LLC, a distinguished consultancy firm specializing in public infrastructure and development projects, to develop a comprehensive Cayman Islands Public and Affordable Housing Policy.
The collaboration with Public Works LLC will also undertake the development of a forward-thinking 10-Year Strategic Plan.
The Policy and Plan will serve as guiding documents to chart a course toward a future where every Caymanian has the opportunity to purchase an affordable home. The primary objective of these initiatives is to alleviate the housing crisis and bridge the gap that has persistently separated Caymanians from their dream of homeownership.
The Honourable Johany “Jay” Ebanks, Minister of Planning, Agriculture, Housing & Infrastructure, expressed his unwavering dedication to this cause, saying:
“Our goal is not just to address the housing challenges but to revolutionize the way we approach housing solutions in the Cayman Islands. We want to create innovative pathways to homeownership that respect and honour our heritage and unique culture.”
Minister Ebanks further emphasized, “This initiative is a testament to our commitment to every Caymanian. We understand that affordable housing is not just a matter of economics but a cornerstone of a thriving community. With these policies and plans, we are taking bold steps toward a future where homeownership is within reach for all our citizens.”
The Policy and Plan will focus on several key areas:
1. Innovative Solutions: The initiatives will explore innovative approaches to affordable housing, including financial models, incentives, and sustainable housing practices that resonate with the Caymanian way of life.
2. Bridging the Gap: The comprehensive approach of the Policy and Plan will target vulnerable communities, aiming to decrease the divide between Caymanians and their ability to purchase affordable homes.
3. Cultural Preservation: Unique to these initiatives is a commitment to preserving the rich cultural heritage of the Cayman Islands while providing modern, comfortable housing solutions for its residents.
4. Public-Private Collaboration: The Ministry (PAHI) recognizes the importance of collaboration with the private sector and other stakeholders to realize these ambitious housing goals successfully.
In the short term, The Ministry (PAHI) will work diligently with Public Works LLC to fast-track the development of the Policy and Plan, ensuring that the immediate housing needs of Caymanians are addressed effectively.
This monumental effort reflects the Cayman Islands Government's dedication to the well-being of its citizens and the preservation of its cultural heritage. The Policy and Plan signify a renewed commitment to building a stronger, more equitable future where affordable housing is a reality for all Caymanians.
The Ministry of Planning, Agriculture, Housing & Infrastructure encourages all stakeholders and citizens to join hands in this transformative endeavor, which promises to create a brighter, more inclusive future for the Cayman Islands.