PRB working to increase rental housing stock
July 5, 2018 7:06 pm
The Public Rental Board is working to increase the rental housing stock to meet the demands from the public.
They have undertaken a few initiatives to accelerate the availability of rental units.
One initiative is the Rent to Own Scheme.
Under this scheme, tenants will eventually buy the rental units they rent through FNPF contribution.
PRB Board Director Umarji Musa says they will work with Housing Authority to provide rental units in the proposed HA Strata Subdivisions in Davuilevu and Tavakubu under this concept.
Another initiative is to give the opportunity to tenants in PRB units who have exceeded maximum income of $317 a week to buy residential lots and build in HA sub-divisions.
This is so they can move out of the rental units to create opportunity for new tenants to move in.
Musa says several lots have been allocated in the HA Matavolivoli sub division for this and further lots will be allocated in Davuilevu and Tavakubu.
PRB is also looking to explore a collaboration under the Public Private Partnership program to accelerate the availability of rental flats.