“The NHDT spent $36.4 million on its new affordable housing initiative, including $35.2 million in constructions costs. By the end of 2024, it had completed only 36 new homes with a further 50 under construction.”
Watch | Public Accounts Committee | 9 September 2026 | Part 2
The PAC continued its public hearing in the House of Parliament to examine the Auditor General’s Report, “Summary of Outstanding OAG and PAC Recommendations.”
https://t.co/WyypyltBcE
Watch | Public Accounts Committee | 9 September 2026 | Part 1
PAC continued its public hearing in the House of Parliament to examine the Auditor General’s Report, “Summary of Outstanding OAG and PAC Recommendations.”
https://t.co/lU27xwoa0D
“To qualify for a National Housing Development Trust affordable home Caymanians must earn under $4,500 a month. However, total housing costs are $2,200, making them unaffordable.”
Watch | Public Accounts Committee | 8 September 2026 | Part 2
The PAC held a public hearing to examine the Auditor General’s Report, “Summary of Outstanding OAG and PAC Recommendations.”
https://t.co/qlbNmkvhJW
Watch | Public Accounts Committee | 8 September 2026 | Part 1
The PAC held a public hearing to examine the Auditor General’s Report, “Summary of Outstanding OAG and PAC Recommendations.”
https://t.co/aDxkDQwUeo
“Total housing costs should be no more than 30 per cent of total income to be affordable. The average Caymanian can afford $1,490 a month for housing. The affordability gap is significant as average rent is $1,945 and a mortgage is $3,863.”
Housing remains unaffordable for most Caymanians, and government programmes are not delivering value for money
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“Public sector remuneration increased by 37 per cent, driven by the growth in public servants and salary increases to keep better in line with inflation.”
Link to the Survey: https://t.co/sj73GIxfWY
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“Over the five years 2020 to 2024, the Government spent around $3.1 billion on staff costs, including salaries, pension, healthcare and other costs.”
https://t.co/KP9ZQaQIPH
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