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.
NEED ASSISTANCE?
Project 500 Dunfermline Office
DUNFERMLINE COVENANTS
PART I
GENERAL PRINCIPLES
1. Common Development Scheme
These covenants are imposed pursuant to a common development scheme intended for the mutual benefit, preservation, management and enhancement of all lots and dwelling houses within Dunfermline (“the Development”).
These covenants shall run with and bind the Property and every part thereof and shall enure for the benefit of all lots within the Development.
These covenants shall be enforceable by:
the Vendor;
the Management Entity; and
the registered proprietors from time to time of any lot within the Development.
2. Residential Use
The Property shall be used solely for private residential purposes and for occupation by a single household or family unit and for no commercial, industrial, manufacturing or business purpose save for home office use which:
- does not create nuisance;
- does not materially increase traffic or parking demands;
- does not involve public attendance; and
- does not interfere with the residential character of the Development.
PART II
ALTERATIONS, APPEARANCE AND PROPERTY STANDARDS
3. Alterations and External Improvements
No building, addition, extension, external alteration, fence, gate, wall, retaining wall, driveway, swimming pool, outbuilding or other structural or external improvement shall be erected, installed, altered, extended, reconstructed or materially modified upon the Property unless and until:
(a) plans, specifications, elevations, exterior finishes and layouts relating thereto have first been submitted to and approved in writing by the Vendor or the Management Entity; and
(b) all approvals, permissions and consents required by law or by any competent authority have been obtained by the proprietor.
Copies of all statutory approvals and permissions shall be deposited with the Vendor or the Management Entity prior to commencement of the relevant works.
Approval by any governmental or statutory authority shall not limit, waive or otherwise affect the discretion of the Vendor or the Management Entity under these covenants.
The Vendor or the Management Entity shall not unreasonably withhold or delay approval where the proposed works substantially comply with the standards applicable to the Development.
4. Architectural Character and Visual Harmony
The external appearance, architectural character and visual harmony of the Development shall be preserved and maintained.
No alteration, addition or improvement shall be carried out on the Property which materially alters the external appearance of any dwelling or is inconsistent with the architectural and aesthetic standards of the Development.
The Vendor or the Management Entity may establish reasonable guidelines respecting:
- exterior colours;
- roofing materials;
- fencing;
- landscaping;
- lighting;
- external fixtures;
- drainage works;
- solar installations;
- generators;
- satellite dishes; and
- general visual appearance.
5. Maintenance and Repair
The dwelling house and all improvements erected upon the Property shall at all times be maintained in good and substantial repair and in a clean, safe and visually acceptable condition.
Exterior paintwork, roofing, boundary structures, landscaping, driveways and retaining walls shall be maintained in a neat and visually acceptable condition consistent with the standards of the Development.
No dwelling or structure shall be permitted to fall into a state of disrepair, deterioration or neglect likely to adversely affect neighbouring properties or the appearance of the Development.
The Vendor shall remain responsible for remedying defects in workmanship or materials affecting the dwelling house and improvements thereon which become apparent within a period of three (3) months from the date of completion of the purchase by the Purchaser, provided that the Purchaser gives written notice of such defects to the Vendor within that period.
Upon the expiration of the said three (3) month period, the Purchaser shall thereafter be solely responsible for the repair, maintenance and upkeep of the dwelling house, the Property and all improvements thereon, save in respect of any Common Areas for which the Vendor or the Management Entity is responsible under these covenants.
6. Reconstruction and Major Works
No substantial reconstruction, demolition, extension or major external renovation shall be undertaken on the Property except in accordance with plans approved pursuant to these covenants and all applicable statutory approvals.
Any reconstruction or renovation works shall, so far as reasonably practicable, preserve the architectural character and visual harmony of the Development.
Construction and renovation works shall be carried out diligently and in a manner that minimizes unreasonable disturbance to neighboring properties.
PART III
COMMUNITY STANDARDS
7. Nuisance
No activity shall be carried on upon the Property which may become a nuisance, annoyance, danger or unreasonable interference with the peaceful enjoyment of neighbouring properties.
Excessive noise, offensive odours, smoke, hazardous activity or conduct likely to diminish the residential character of the Development shall be prohibited.
8. Waste and Refuse
No garbage, refuse, scrap material or waste shall be accumulated or stored on the Property except in appropriate covered receptacles intended for that purpose.
No burning of garbage or refuse shall be permitted except in accordance with law and with the approval of the relevant authorities.
9. Animals
Domestic household pets may be kept provided they do not create nuisance, danger or unreasonable disturbance.
No livestock, poultry or farm animals shall be kept upon the Property.
10. Parking and Vehicles
No abandoned, derelict, unlicensed or unroadworthy vehicle shall be parked or stored on the Property or within the Development.
No heavy equipment, commercial truck, trailer, bus or construction machinery shall be regularly parked within the Development except temporarily during authorised works.
No vehicle repairs, dismantling or mechanical works shall be carried out on the Property except within enclosed garages and in a manner that does not create nuisance.
Parking shall not obstruct roads, drains or accessways within the Development.
11. Rentals
No part of the Property shall be used, occupied, operated or made available as a hotel, guest house, rooming house, short-term vacation rental, Airbnb, or other transient accommodation of a similar nature. In addition, no dwelling unit or portion of the Property shall be leased, subleased, or licensed for occupancy for any period whatsoever, whether short-term or long-term.
12. Signs and Advertisements
No sign, billboard, banner or advertisement shall be displayed on the Property except customary “For Sale” signs of reasonable size; or signs approved by the Vendor or the Management Entity.
13. Fencing and Boundary Structures
No fence, hedge, gate or boundary wall shall be erected or materially altered without prior written approval as to height, design, material and appearance.
Barbed wire, razor wire or similar materials shall not be used except with the written approval of the Vendor or the Management Entity.
PART IV
DRAINAGE, ENVIRONMENTAL AND INFRASTRUCTURE PROTECTION
14. Drainage and Environmental Protection
No proprietor shall obstruct or alter any drain, culvert, ravine, watercourse or drainage easement in any manner that adversely affects neighbouring properties or the Development generally.
No excavation, filling, landscaping, drainage alteration or retaining wall modification shall be undertaken in a manner likely to affect:
slope stability;
drainage flow;
erosion control;
retaining structures; or
the structural integrity of adjoining properties or Common Areas.
All drains situated on the Property shall be maintained free from obstruction.
15. Utilities and External Equipment
Solar panels, water tanks, generators, satellite dishes, air-conditioning units and similar equipment shall be installed and maintained in a manner that minimises visual impact and noise and complies with any architectural guidelines applicable to the Development.
16. Subdivision
The Property shall not be subdivided, partitioned or reduced in size without the prior written approval of the Vendor or the Management Entity; and all approvals required by law.
No additional dwelling house shall be erected on the Property without such approvals.
PART V
COMMON AREAS AND DEVELOPMENT INFRASTRUCTURE
17. Ownership of Common Areas
The roads, drains, utility corridors, landscaped areas, retaining structures and all other designated common areas within the Development (“the Common Areas”) shall remain vested in the Vendor or the Management Entity unless otherwise transferred.
18. Rights of Use
Each proprietor and occupier of a lot within the Development shall have a non-exclusive right, in common with others entitled thereto, to use and enjoy the Common Areas for their intended purposes subject to these covenants and any rules lawfully established by the Vendor or the Management Entity.
19. Easements and Rights of Entry
The Vendor and the Management Entity shall have the right at all reasonable times upon reasonable notice, except in emergencies, to enter upon any lot within the Development for the purposes of:
- inspecting compliance with these covenants;
- maintaining or repairing drains, utilities, roads or retaining structures;
- remedying hazardous conditions affecting the Development; and
- carrying out works reasonably necessary for the maintenance of the Common Areas.
The Vendor reserves all necessary easements for utilities, drainage, support, access and infrastructure serving the Development.
20. Maintenance of Common Areas
The Vendor or the Management Entity shall maintain, repair and manage the Common Areas in a reasonable state of repair, cleanliness, safety and functionality.
21. Maintenance Contributions and Assessments
The Vendor or the Management Entity may levy reasonable maintenance contributions and special assessments against the proprietors of lots within the Development for the purpose of:
- maintaining roads, drains and retaining structures;
- landscaping and environmental maintenance;
- lighting and security;
- utility infrastructure;
- insurance;
- administration and management expenses; and
- maintaining the Common Areas generally.
PART VI
DEVELOPMENT GOVERNANCE
22. Management Entity
For the purposes of these covenants, “Management Entity” means the Vendor or such company, association or entity as may from time to time own, manage or administer the Common Areas or the Development.
The Vendor may assign or transfer its rights, powers, duties and obligations under these covenants to the Management Entity.
23. Enforcement
In the event of breach or threatened breach of any covenant herein, the Vendor, the Management Entity or any proprietor entitled to enforce these covenants may seek:
- injunctive relief;
- specific performance;
- damages; and
- recovery of legal costs and expenses.
Failure to enforce any covenant shall not constitute a waiver of the right to enforce the same thereafter.
PART VII
GENERAL PROVISIONS
24. Duration and Amendment
These covenants shall bind the Property and benefit all lots within the Development in perpetuity, unless amended, modified, or discharged in accordance with this clause. The Vendor may amend these covenants at any time while retaining ownership of any lot or Common Area within the Development.
Thereafter, these covenants may be amended, modified or discharged only by resolution approved by not less than seventy-five percent (75%) of the registered proprietors of lots within the Development and recorded in the Deeds and Land Registry.
25. Severability
If any covenant or provision herein is held invalid or unenforceable, the remaining provisions shall remain in full force and effect.
26. Restriction on Transfer
The proprietor shall not sell, transfer, assign or otherwise dispose of the Property or any interest therein within twelve (12) years from the date of acquisition of the Property without first obtaining the prior written consent of the Vendor or the Management Entity. The Vendor or the Management Entity shall not unreasonably withhold or delay such consent where:
(a) the proposed transferee agrees in writing to be bound by these covenants;
(b) all maintenance contributions and other sums due in relation to the Property have been paid; and
(c) the proposed transfer would not materially undermine the residential character or orderly administration of the Development.
This restriction shall not apply to:
(i) transfers upon death;
(ii) transfers pursuant to a court order;
(iii) transfers by a mortgagee exercising its powers of sale;
(iv) transfers between spouses or immediate family members; or
(v) transfers to a company or trust controlled by the proprietor, provided that effective control remains substantially unchanged.
27. Interpretation
In these covenants:
words importing the singular include the plural and vice versa;
words importing one gender include all genders;
“Vendor” includes its successors and assigns;
“proprietor” includes successors in title and assigns; and references to the “Property” include every part thereof.
“Pet” means a domesticated animal ordinarily kept within a private residence for companionship and not for commercial, breeding, agricultural, guarding, or business purposes, including dogs, cats, caged birds, fish, rabbits, and other small household animals approved by the Vendor or the Management Entity, but excluding livestock, poultry, reptiles (other than small non-venomous reptiles approved in writing), wild or exotic animals, dangerous animals, and any animal kept for breeding or commercial purposes.
