Trinidad & Tobago Budget 2014 - page 338

SOCIAL SECTOR INVESTMENT PROGRAMME
62
SUSTAINING GROWTH, SECURING PROSPERITY
CHAPTER 3: NATIONAL SOCIAL SITUATION
• Advice on the different approaches to low
income home construction.
The Centre will provide housing plans for one,
two, and three-bedroom homes at no cost to the
beneficiaries, and will be working with the Water
and Sewerage Authority (WASA) to explore
options for the use of waste water disposal
systems that are economically feasible in low-
cost housing developments.
C. Reduction of the Backlog of Housing
Applications
The HDC estimates that the annual demand
for houses is 14,000, while the database
has approximately 160,000 applicants. The
Corporation’s target is 6,500 houses annually,
which leaves a shortfall of 7,500a year.Currently,
the HDC is constructing approximately 3,000
plus houses annually.
In fiscal 2013,theHDCcontinuedtheconstruction
of houses on eight sites, namely, Victoria Keyes
in Diego Martin, View Fort in St James, Chaconia
Cresent inDiegoMartin, Fairfield Estate inPrinces
Town, Cypress Gardens in Union Hall, Egypt
Village in Chaguanas, Hubertstown in Guapo
and Buen Intento in Princes Town, which are
estimated to yield a total of 2,693 housing units.
The HDC recognises that greater collaboration
with the private sector and other public sector
agencies is required in addressing the housing
deficit. The Corporation’s plan in fiscal 2013
involved the following:
• Pursued the completion and close-out
of its on-going projects, to facilitate the
turnover of those units to the Trinidad and
Tobago Mortgage Finance Company Limited
to provide much needed revenue to the
Corporation;
• Increased the rate of distribution of houses;
• Completed repairs on houses to increase the
number of units for distribution;
• Resumed construction work on suspended
projects;
• Initiated new projects on new sites;
• Soured new land from the public and private
sectors for future housing developments;
• Constructed more multi-family units to
increase the housing output per site; and
• Provided housing accommodation through
the mechanisms of rent-to-own and rental
accommodation, to persons who cannot
access mortgage financing due to their
financial status.
5. H
UMAN
C
APITAL
D
EVELOPMENT
The
GoRTT
recognises
human
capital
development
as
“the
single
most
critical success factor for transforming
the
economy
and
the
society.
31
The GoRTT has identified education as a major
pillar of economic development; and views
knowledge, information and human capital as
critical economic assets. The GoRTT is therefore
focused on strengthening the inputs into the
education system at all levels.
1. Education
The Ministry of Education’s strategies,
programmes and projects are geared towards
meeting the needs and interests of all learners,
while ensuring that they can attain their fullest
potential and participate in a knowledge-based
society.TheMinistryhastakendeliberatestepsto
set the agenda for quality education and human
development in accordance with Government’s
objectives for national development, which is
articulated in the Ministry’s Strategy Report,
November 2010 and 16 Priority Areas for
action. The Ministry has since consolidated
this information into the Education Sector:
Strategic Plan 2011-2015, which was approved
by Cabinet in January 2012. This plan will serve
as the Ministry’s main policy document for
implementation of the goals for education.
31 National Performance Framework 2012 -2015
1...,328,329,330,331,332,333,334,335,336,337 339,340,341,342,343,344,345,346,347,348,...
Powered by FlippingBook