Eligibility Criteria for sale of Phase 1 Homes
Citizenship and Residency
Applicants must be Grenadian citizens
Applicants must reside in Grenada at the time of application and intend to continue residing in the country.
Age Requirement
Household Income Threshold
The total gross monthly income of the household must not exceed EC$7,500.
Household income includes earnings from:
- The applicant
- Spouse / Relative(s)
- Adult dependents (18 years and older) residing in the household
*Married applicants must apply jointly
Income Verification
Applicants must have a verifiable, formal and stable source of income (e.g., employment, self-employment, pension) to be able to buy or finance the homes.
Proof of income must be submitted via recent pay slips, employment letters, or bank statements.
Property Ownership
Deed Ownership
The applicants must be the sole deed holder of the property acquired through Project 500.
Joint ownership, outside of the approved applicants, is not permitted.
Primary Residence Requirement
The home must be used as the applicant’s primary and permanent residence.
The property must not be used for commercial purposes or as a secondary home.
Legal and Financial Standing
Resale Policies
Resale of the property is restricted to applicants approved by Housing Authority of Grenada (HAG) under Project 500 programme criteria. HAG will also be offered the right of first refusal on all resales.
PROJECT 500 – NEXT STEPS FOR HOME PURCHASE APPLICANTS
Thank you for registering your interest in purchasing a home under the Project 500 Pilot Programme at the Dunfermline, St. Andrew Pilot Site.
Please review the following important steps required to continue the application process.
STEP 1: ELIGIBILITY VERIFICATION
All applicants must first be verified by the Project 500 – Housing Authority of Grenada to confirm that they meet the eligibility requirements outlined for the programme.
Applicants are required to submit the following documents:
- Copy of valid NIS Card
- Proof of Address
- Proof of Income – Two consecutive payslips
These documents must be submitted to the Housing Authority – Project 500 office [Sandino Plant in Grand Anse and/or Dunfermline Office] for review and verification.
Please note that submission of an online application form alone does not constitute approval or reservation of a home.
STEP 2: LETTER OF INTENT TO PURCHASE
Once eligibility has been confirmed, the Housing Authority will issue eligible applicants with a Letter of Intent to Purchase for the specific home selected during registration.
This letter may then be presented to the applicant’s financial institution to begin the financing process.
STEP 3: FINANCING OR PROOF OF FUNDS
Applicants Seeking Financing
Applicants seeking mortgage financing must obtain a letter from their financial institution confirming that a financial facility has been approved for the purchase of the home.
This approval letter must then be returned to the:
Housing Authority – Project 500 office [Sandino Plant in Grand Anse and/or Dunfermline Office] to continue the process.
Cash Purchasers
Applicants not requiring financing must provide proof of available funds to the Housing Authority.
IMPORTANT INFORMATION
The Project 500 Dunfermline Pilot Programme includes a limited number of homes available for purchase.
As a result, submission of an application, verification of eligibility, issuance of a Letter of Intent, mortgage approval, or proof of funds does not guarantee allocation or purchase of a home.
All allocations remain subject to:
- final review and approval,
- completion of required documentation,
- and availability of homes within the programme.
Applicants will be contacted directly regarding the status of their application and any additional steps required.
