WHY THIS INITIATIVE
KEY REASONS
AFFORDABLE HOUSING
By leveraging improved construction technologies and mechanizing the building process, Project 500 aims to deliver high-quality homes at a significantly lower cost than individuals would incur if they built similar-sized houses independently. This approach makes homeownership accessible to more people.
RAPID CONSTRUCTION
One of the standout aspects of Project 500 is its ability to expedite the construction process through mechanization. This means that homes can be built faster without compromising on quality, addressing the urgent demand for housing in a timely manner and lowering labour costs.
CLIMATE SMART FEATURES
In recognition of the growing need for sustainability, Project 500 incorporates climate-smart features into its housing designs. These features not only reduce the environmental impact of construction but also ensure that homes are energy-efficient and resilient to climate change and provide long-term savings and benefits to residents.
COST EFFICIENT
The economies of scale achieved through this program allow for a reduction in overall costs. By standardizing construction practices and utilizing advanced technologies, the program can offer affordable housing solutions that are financially viable for both the government and prospective homeowners.
COMMUNITY DEVELOPMENT
Beyond individual benefits, Project 500 is designed to foster community development. By providing affordable housing, the initiative helps to create stable and vibrant communities, contributing to social cohesion.
ABOUT PROJECT 500
Project 500 represents a transformative approach to addressing the pressing need for affordable housing in our communities. This forward-thinking initiative addresses the challenges of securing available land, building cost-effectively, improving Grenada’s housing stock, and enhancing resilience. We tackle this through innovative and sustainable solutions. By reducing costs, accelerating construction, and incorporating climate-smart features, this program ensures that more people can enjoy the security and stability of homeownership.PROJECT 500
OUR DIVISIONS
DIVISION A – HOUSING DEVELOPMENTS
DIVISION B – PUBIC/PRIVATE PARTNERSHIPS
DIVISION C – LAND ACQUISITION
DIVISION D – PRIVATE LANDOWNERS
OUR FIRST SITE
DUNFERMLINE - ST. ANDREW
PROJECT 500 is proud to announce its first housing development site in Dunfermline, St. Andrew
