2018/19 Budget: First Land Owners Grant formed

ATTORNEY General and Minister for Economy Aiyaz Sayed-Khaiyum announced the formation of the First Land Owners Grant to help in the purchase or lease of land.

“Households who make less than $50,000 will be granted $10,000 towards the purchase or lease of land which eventually can be the site for the construction of their new home,” he said during the 2018-2019 National Budget announcement in Parliament this evening.

“For both the First Home Owners Grant and the First Landowners Grant, the home or the land must be owned by the household for five years or else the grant must be repaid.”

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