Good news for people who are planning to build or buy a new home as the First Home Grant Assistance Programme will continue in the next financial year.
334 families have been assisted under the Programme in the 2020-2021 financial year where 183 families received the grant to construct their first home, 112 families received the grant to purchase their first homes and 40 families received the grant to purchase their first land.
While speaking in the Virtual Public National Budget Consultation from Singapore, Minister for Economy Aiyaz Sayed-Khaiyum confirmed that the programme has been working very well and they will continue with it.
Sayed-Khaiyum adds they have approved some new applications which have not been funded yet because the funds that was allocated has been used due to the huge demand.
He says they have reallocated funds and has assured people that these applications will be funded in this financial year.
Sayed-Khaiyum says it is interesting to note that 183 new homes were built which is what they wanted because more construction work means more jobs created for Fijians.
2,978 Fijians have been assisted since the inception of the programme in 2014 with a total payout in excess of $28.6 million.
The total pay-out for this financial year is in excess of $5 million.
People who earn $50,000 or less and are building their first home are eligible for a grant of $30,000. They will get $15,000 if they buy their first home.
People earning above $50,000 annually can be granted $20,000 to build their first home or $5,000 to buy their first home.
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