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Application info needed for Bodden Town homes

BODDEN TOWN-3ade2c03-614c-448c-a004-b0875bf80842Any Bodden Town resident who previously submitted an application for the purchase of an affordable home in their district should provide the National Housing Development Trust (NHDT) with updated personal information as soon as possible.

Residents must provide this material within two weeks in order to comply with the qualification requirements for the NHDT’s Affordable Housing Scheme.

Completed applications must be returned (with all documents attached) by Wednesday, 11 June 2014, to the National Housing Development Trust’s office in the Cayman Centre; located across from the Airport Post Office, at 118 Dorcy Drive, Building E, Unit 4.

Required documents are:

·         Completed Application Form

Certified copies of:

·         Certificate of Caymanian Status/Right to be Caymanian

·         Letter of Permanent Residence, plus Residency and

Employment Rights Certificates

·         Original birth certificate

·         Original marriage certificate (if applicable)

·         Divorce decree, if applicable

·         Data/photo-page of current passport

·         Data/photo-page of spouse’s current Cayman Islands Passport

·         Original birth certificate of spouse, if applicable

·         A current local Police Clearance Certificate (original) for both applicants

·         Spouse’s death certificate, if applicable

·         Current employment letters for both applicants (if applicable)

·         Credit references for both applicants (from personal banks)

·         Original of child’s birth certificate (under 18 years, who live at home)

·         Proof of school enrolment, or copy of child’s last school report (for all minors)

·         Personal-reference letter from landlord/relative (if applicable)

There are 20 homes in Bodden Town. Six are two-bedrooms, at $105,000 each; and 14 are three-bedroom homes, at $120,000 each. After reviewing applications for Bodden Town, the NHDT will review those for the remaining 11 houses in the New Housing Sites in East End (three homes are available) and West Bay (eight homes available).

Generally, any Cayman Islands resident may apply for NHDT homes, providing they qualify based on general qualifying criteria:

·           Be a first–time home owner

·           Earn no more than $30,000 per year/$2,500 per month or less than $2,000 monthly for single applicants; or $45,000 per year/$3,750 per month for joint applicants

·           Become the owner/occupier of the home being purchased.

·          Be currently employed for at least six months, or self-employed for at least two years

·           Currently reside in Grand Cayman

·           Be Caymanian or hold Caymanian Status

·           Be in the age-bracket required for repaying a mortgage

The Trust plans to construct additional affordable homes in the various districts, and will issue a public notice to invite applicants when homes are available. There are also other services, including the “Build on your Own Property” assisted-housing scheme.

For more information, please contact the NHDT at 945 7649 or alternatively please stop by our office.

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