Government To Build 125 Affordable Housing Units
The Premier announced today [June 15] that in four weeks Atlantic Development Bermuda Limited will break ground on a brand new 125 unit affordable housing complex on the south shore coastline in Warwick, with the construction that is scheduled to start within weeks covering part of the project.
The overall project will consist of 125 affordable homes – 30 three-bedroom units at 1,400 square feet and 95 two-bedroom units of 1,100 square feet. The Government says the units will be sold to first time home buyers in the $500,000 to $625,000 range. In addition a 100 room, 3 Star hotel is also scheduled to be constructed.
The siteplan is below, click on the image to double its size, and you can right click, and download the PDF here
Premier Dr Brown said:
Our government promised to find solutions to address the serious and long standing issue of affordable housing. Promise made, promise delivered! As you may recall, our Government partnered with property owner Atlantic Development gaining the land to build affordable homes for working families while they gained the capital injection needed to build a 100 room, 3 Star hotel. This a win-win situation and we believe that this represents the powerful potential of a successful public-private partnership.
In all honesty, I’ll believe it when I own one. Premier E. Brown, you’re still out to lunch on tourism and crime in Bermuda. Put the turkey sandwich down and get real will you!