# Government Builds 40K Homes in 5 Years | Guyana News

Page: https://stenobird.com/podcast/guyana-news-today-2-min-news-the-daily-news-now-7855471/government-builds-40k-homes-in-5-years-guyana-news
Text version: https://stenobird.com/podcast/guyana-news-today-2-min-news-the-daily-news-now-7855471/government-builds-40k-homes-in-5-years-guyana-news.md
Podcast: [Guyana News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/guyana-news-today-2-min-news-the-daily-news-now-7855471)
Published: 2026-07-17T09:37:58+00:00
Episode link: https://sources.thednn.ai/27725442b9502c02
Audio file: https://api.fastcast.ai/audio/41aecf81-7163-4261-9782-567ce2ceaa36.mp3
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Duration seconds: 103

## Resource

The government has poured nearly $240 billion into housing since 2020, handing out over 53,000 lots, clearing 24 squatter settlements, and launching 100+ new housing areas—giving land to 128,000+ people. To boost affordability, they slashed VAT on building materials, lowered mortgage rates, raised low-income loan caps to $30 million, and made housing loan interest tax-deductible—returning $43.8 billion to families. Popular programs like Young Professional Homes and turnkey units are in high demand, prompting a new goal: build 40,000 homes in five years. With over 270 contractor bids already in, the Housing Ministry is urgently seeking builders—locally and abroad—to meet the target of 8,000 homes annually, tackling a critical shortage of local contractors to speed up the housing boom. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/27725442b9502c02

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