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WHAT IS PROJECT 500?

Project 500, a visionary initiative designed to revolutionize affordable housing in Grenada. This ambitious program is not just about building homes; it’s about building dreams and securing futures. Project 500 is a housing program which will provide affordable housing employing improved technologies, climate smart features and more efficient construction methods utilizing a mechanized process. Project 500 aims to prioritize sustainability, accessibility, and comfort for residents.
KEY REASON
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.
KEY REASON
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.
KEY REASON
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.
KEY REASON
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.
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WHY THIS INITIATIVE?

In Grenada, the demand for affordable, quality housing is ever-increasing. Many Grenadians face the challenge of high construction costs and limited access to modern, climate-smart homes.  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 IS STRATEGICALLY PLANNED ACROSS FOUR CATEGORIES TO ENSURE INCLUSIVITY AND EFFICIENCY

OUR DIVISIONS

DIVISION A – HOUSING DEVELOPMENTS

By utilizing large parcels of land owned by the Government or the Housing Authority of Grenada new housing developments will be created by subdividing them into new vibrant communities. Individuals are able to purchase homes built from the selection of available floor plans.

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DIVISION B – PUBLIC /PRIVATE PARTNERSHIPS (PPP)

Project 500 invites private individuals and companies to collaborate in the development of affordable housing sites through various partnership avenues offering diverse financing and land provision models.

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DIVISION C – LAND ACQUISITION

Project 500 is actively seeking to acquire land parcels of 5 acres or more to support our ambitious development initiatives aimed at providing affordable, high-quality housing.

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DIVISION D – PRIVATE LANDOWNERS

Private landowners supply the land for a single home build. Owners can choose from the selection of Project 500 existing model home floor plans suitable to their lot for construction.

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