(CNS): The government has created an inter-ministerial task force to access and address the housing crisis in the Cayman Islands. Premier Wayne Panton, Finance Minister Chris Saunders, Social Affairs Minister André Ebanks, Housing Minister Jay Ebanks, Education Minister Juliana O’Connor-Connolly and Tourism Minister Kenneth Bryan will be working together on the issue, according to a summary of the Cabinet meeting on Little Cayman last month.
No other details were revealed about the aims of the task force, though government ministers have all raised concerns about the numerous problems surrounding housing for local people.
Property prices are now prohibitively high and families with both parents working are struggling to get on the property ladder, pay existing mortgages or move up to larger homes. Families on lower incomes who can only dream of owning their own home are now struggling to find affordable rents.
The significant increase in foreign and absentee…
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