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Article II · The Programme

Affordable Housing

A faster, fairer path to a home of your own

SUM will speed up land allocation and home ownership, partner with banks and developers on flexible, lower-cost mortgages, and stand up dedicated support for first-time buyers, young families and single parents.

The problem

Home ownership has become a waiting game. Arbitrary clauses stall families for years, financing is rigid and expensive, and young families and single parents are left furthest from a door of their own. A home is where a stable life begins, and too many are kept waiting at the threshold.

At a glance
Land clausearbitrary delay removed
Mortgageslower rate, longer term
First-time buyersgrants + soft loans
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By the numbers

The plan in figures

−3 years
the arbitrary maturity delay, removed
Lower rate
longer mortgage terms with banks and developers
First home
grants and soft loans for first-time buyers
Our plan

What SUM will do

1

Clear the roadblocks

Remove the arbitrary three-year maturity clause on land allocation and replace it with a transparent process, so eligible Seychellois can build without needless delay.

2

Affordable, flexible mortgages

Work with banks and developers to accelerate construction and offer lower interest rates and longer repayment terms, with modern, durable building methods.

3

First-time buyer support

Grants, low-interest loans and flexible repayment tailored to young families and single parents, so the first home is reachable.

In practice

How it works, step by step

1

Replace the delay with a clear process

The arbitrary three-year maturity clause on land allocation is removed and replaced with a transparent, published set of criteria, so an eligible family can start building without needless waiting.

2

Bring banks and developers to the table

The government works with lenders and builders to speed construction and offer lower interest and longer repayment, using modern, durable building methods that keep the cost down.

3

Stand up first-time-buyer support

Grants, low-interest loans and flexible repayment are tailored to young families and single parents, the households a standard mortgage usually shuts out.

What it means for you

In real life

A shorter, clearer road from eligibility to keys, financing families can actually carry, and real help for the people usually left last in the queue.

A single mother renting in Mont Fleuri

Removing the maturity clause moves her years closer to her own plot, and a first-time-buyer grant plus a soft loan puts the first home within reach on one income.

A young couple saving for a deposit

A longer repayment term and a lower rate cut the monthly payment to something two modest salaries can carry, so the door opens sooner.

How it is paid for

Most of this is reform, not new spending. Clearing the arbitrary clause costs nothing and speeds families to homes they already qualify for. The buyer support is targeted at first homes for the households furthest from ownership, and it is designed to be recycled as loans are repaid rather than spent once and gone.

Questions

On this article

Does faster allocation mean cutting corners?

No. It means replacing arbitrary delay with a clear, transparent process. The criteria stay. The needless waiting goes.

What about people who will never qualify for a mortgage?

First-time-buyer grants and soft loans exist precisely for the families a standard mortgage shuts out, especially single parents and young households.

Does faster allocation mean weaker checks?

No. The criteria stay in place and are published. What goes is the arbitrary delay, not the standards. A family that qualifies simply stops waiting for no reason.

How is this different from the current housing scheme?

It attacks the two real blockers at once, the delay in getting land and the cost of financing a build, and it puts dedicated help behind the people usually left last in the queue.

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