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𝐓𝐡𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐢𝐬 𝐌𝐚𝐤𝐢𝐧𝐠 𝐇𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐄𝐚𝐬𝐢𝐞𝐫 𝐟𝐨𝐫 𝐏𝐮𝐛𝐥𝐢𝐜 𝐚𝐧𝐝 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐒𝐞𝐜𝐭𝐨𝐫 𝐖𝐨𝐫𝐤𝐞𝐫𝐬

𝐓𝐡𝐞 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐢𝐬 𝐌𝐚𝐤𝐢𝐧𝐠 𝐇𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐄𝐚𝐬𝐢𝐞𝐫 𝐟𝐨𝐫 𝐏𝐮𝐛𝐥𝐢𝐜 𝐚𝐧𝐝 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐒𝐞𝐜𝐭𝐨𝐫 𝐖𝐨𝐫𝐤𝐞𝐫𝐬

September 12, 2024

Castries, Saint Lucia

In his 2024/25 Budget Address, Prime Minister and Minister for Finance Hon. Philip J. Pierre pledged to enhance homeownership opportunities for families in Saint Lucia. On September 10, 2024, he secured Parliament’s approval for a $20 million loan guarantee from the National Insurance Corporation (NIC) to the Saint Lucia Development Bank (SLDB) to support this initiative.

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This $20 million loan facility will provide support to eligible public servants by offering 100% loan financing through the SLDB, allowing them to receive the full amount needed to purchase a home without requiring a down payment. In addition, public servants will benefit from a $1,000 grant to assist with legal fees and a waiver of stamp duties on the first $400,000 of their residential loans.
Private sector borrowers who meet the eligibility criteria will also have access to this loan facility and will benefit from the waiver of stamp duties on the first $400,000 of their residential loans.


This initiative is part of a broader strategy by the Government of Saint Lucia to address housing needs. The government’s commitment to improving housing access remains a key focus in promoting a more equitable and thriving nation.

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