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Property Matters – HDC Financing*

Trinidad Express / “…There are a lot of things that did not go right in the NHA and one of those things had to do with accountability…The HDC is not going to function like that. We are required by law to have the accounts ready in a certain period of time. The CEO will be held accountable and the Cabinet will hold the minister accountable and the Parliament will hold the Cabinet accountable. That is what the HDC means…” Then Housing Minister, Dr Keith Rowley, speaking at the launch of the Housing Development Corporation (HDC) in October 2005. This week I am shifting focus from the “Affordability Hoax” to the financial aspect of our country’s large-scale public housing programme as conducted by the HDC. 

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