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Department of Housing’s Rent-to-Own initiative to expand path to homeownership

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By STIRLING STRACHAN

Bahamas Information Services

 

 

#TheBahamas, October 7, 2022 – The Hon. JoBeth Coleby-Davis, Minister of Transport and Housing, announced ‘A Place To Call Home’ rent-to-own initiative as part of the government’s promise of new opportunities during her communication to the House of Assembly, October 5, 2022.

“In our party’s Blueprint for Change, we committed to the implementation of a Rent-To-Own initiative to expand the path to homeownership for Bahamians,” said Minister Coleby-Davis.

The Department of Housing is currently reviewing over 1,200 active applications for housing. Each customer service representative at the department is currently managing over 350 applications. These applications are from all segments of society and include teachers, nurses, police officers, hospitality workers and bankers to name a few.

Over the past few months, she said, her team at the Ministry of Transport and Housing has been working diligently on a viable and sustainable Rent-To-Own structure.

“I am pleased and humbled,” she said, to advise of the launch of Phase I of ‘A Place To Call Home,’ a Rent-To-Own initiative of the Department of Housing.

The Minister stated:

“A Place To Call Home is being launched under the Housing Act which empowers the Department of Housing to:

  • Construct dwelling houses upon land owned by the Government or to be acquired for such purposes;
  • Acquire dwelling houses, land or housing projects by way of purchase, lease or otherwise;
  • Sell, lease, exchange or otherwise dispose of real of personal property acquired pursuant to this Act;

“As I have indicated in this chamber on numerous occasions the Davis administration believes ‘wholeheartedly in empowering hardworking Bahamians through homeownership.’  We believe, in a balanced development that puts Bahamians at the center of the evolution of our communities and our country.

“One of the recommendations of the internal report is the implementation of a viable and sustainable Rent-To-Own programme.  It is my belief that ‘A Place To Call Home’ is that initiative.

“The mission statement of ‘A Place To Call Home’ is to provide a sustainable path to homeownership, to empower, to create value and to make a difference in the lives of Bahamians.”

She continued: “A Place To Call Home will be built on integrity.  We will be transparent, honest, and accountable with the Bahamian people. A Place To Call Home will be innovative. We will use technology and proven best practices from Rent-To-Own initiatives from New Zealand, Singapore, and the United Kingdom. A Place To Call Home will have impact. We will use data analysis and employ delivery solutions to ensure that we deliver value for the Bahamian people.

“A Place To Call Home is designed for working Bahamians. It is a multi-island, sustainable, financially viable housing solution administered by the Department of Housing with oversight provided by an Advisory Committee – comprised of qualified and experienced Bahamian professionals from the public and private sectors.

“Phase 1 of A Place To Call Home will be rolled out in very short order on the island of Abaco and will initially include 5 housing units. The homes will be in Spring City, the Minister noted, this Abaco rollout of A Place To Call Home is a partnership with the Bahamas Mortgage Corporate (BMC).

“We are starting A Place To Call Home, in Abaco, because this administration understands that the need for housing on the island is great. We also understand that the cost of rent on the island is significant – so this RTO initiative will assist in lowering the cost of housing.

“I said in my address to the Abaco Business Outlook that we will not abandon Abaconians. My ministry will deliver on that promise. At the Department of Housing, we understand that housing must complement national development and assist in regenerating our Family Islands.  Therefore, A Place To Call Home will be multi-island. For example, the people of San Salvador – where there is major employment with the Club Med Resort – will be hearing about our plans shortly. In Bimini and North Eleuthera, where we seeing strong tourism numbers, A Place To Call Home will be launched. In Cat Island, Exuma, and North Andros, we will offer our Rent-To-Own initiative. Bahamians across our country will have a viable path to homeownership through A Place To Call Home and other housing solutions that the Department of Housing is working on.

“Deputy Speaker, an important component of A Place To Call Home will be to expand economic opportunities to licensed small contractors on our islands with a proven and verified track-record of quality performance and excellence. We understand that economic benefits must trickle down, Deputy Speaker, so I say to small contractors, very simply – get ready!

“A number of housing models will be used in A Place To Call Home. The models will range from a 2-bedroom, 1-bathroom model, to a 3-bedroom, 2-bathroom model.

“A Place To Call Home, Deputy Speaker, gives Bahamians the opportunity to save up for their first dream home while living in it at the same time. Over an agreed fixed period, rent will be paid to the Department of Housing. A portion of the rent will go towards a down payment for the mortgage, property maintenance, and insurance costs.

A reservation deposit is required to enroll in A Place To Call Home. Successful applicants will be required to attend a home ownership education course through the Department of Housing and agree to financial coaching. In short order a public invitation will be extended for interested applicants to register at www.mothbahamas.com. Bahamians are encouraged to follow the Ministry of Transport and Housing’s social media pages and to listen out for further information on radio and television.”

Minister Coleby-Davis said: “I understand that many Bahamians would like an example of how ‘A Place To Call Home’ will work. Therefore, let me give an analogy and explain. Mary Johnson is a teacher. She is interested in enrolling in ‘A Place To Call Home.’ Mary registers online with the Department of Housing and is advised of the cost of a 3-bedroom, 1-bathroom home. She selects the housing solution to lease for 12 months with the purchase option.  Mary also indicates that her preferred financial institution is The Bahamas Mortgage Corporation (BMC).”

 

(BIS Photos/Anthon Thompson)

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OVER 209,000 BAHAMIANS TO DECIDE NEXT GOVERNMENT IN TUESDAY’S GENERAL ELECTION

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Polls open nationwide as rallies, controversy and endorsements close heated campaign season

 

The Bahamas, May 11, 2026 – Temperatures across The Bahamas on Tuesday, May 12 are forecast to reach a high of 87 degrees Fahrenheit, with “feels like” temperatures expected to climb even higher — but the heat is not expected to disrupt the flow of voters to polling stations which open nationwide at 8 a.m.

More than 209,000 registered voters are expected to cast ballots in the country’s 2026 General Election, which will determine who forms the next government of the Commonwealth of The Bahamas.

Polling stations across New Providence, Grand Bahama and the Family Islands will remain open until 6 p.m., with all 41 House of Assembly seats being contested in what has become one of the country’s most energetic and closely watched election campaigns in recent years.

The governing Progressive Liberal Party and the opposition Free National Movement are fielding full slates of 41 candidates each, while the Coalition of Independents has emerged as a significant third-force movement with 40 candidates contesting seats nationwide.

Public schools throughout the country are closed Tuesday as many campuses are transformed into polling stations, while ballot boxes have already been dispatched to the Family Islands ahead of voting day.

The Parliamentary Registration Department has meanwhile reminded employers that registered voters are legally entitled to two hours off to vote in addition to their normal lunch break and has also issued guidance aimed at maintaining orderly conduct at polling locations.

The final days of campaigning transformed the country into a sea of rallies, motorcades, town halls and political events stretching from Exuma and Long Island to Abaco, Bimini, Eleuthera, Andros, Inagua and Grand Bahama.

The PLP closed its campaign with the message “Choose Progress,” arguing the Davis administration has strengthened the economy, expanded social support and advanced national development projects.

The FNM campaigned heavily on accountability, affordability and governance reform under the slogan “We Work for You,” while the Coalition of Independents sought to position itself as the country’s disruptive alternative with the declaration: “Change ain’t coming — change is here.”

The campaign season also drew international attention with former NBA player and businessman Rick Fox attracting celebrity endorsements from basketball legend Shaquille O’Neal, actress Vanessa Williams and reggae icon Buju Banton through widely circulated video messages.

Adding further unpredictability to the race are at least 13 independent candidates contesting seats across the country, including former Prime Minister Dr Hubert Minnis in New Providence’s Killarney constituency, former Cabinet Minister Frederick McAlpine in Grand Bahama’s Pineridge constituency and Leroy Major in Southern Shores on New Providence — all seeking to break through the dominance of the country’s traditional party structure.

Meanwhile, election officials faced controversy in the campaign’s final hours after confirming that fewer than 150 voters, around 1 percent of electors had been mistakenly omitted from the register but would still be allowed to vote Tuesday — a decision questioned publicly by FNM Leader Michael Pintard amid broader concerns over voter integrity and election procedures.

Despite the political tensions, election officials say preparations are complete.

By Tuesday night, Bahamians are expected to know whether the PLP secures a second consecutive term, whether the FNM returns to office, or whether independents reshape the country’s political landscape.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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BAHAMAS RATING UPGRADE: A WIN—BUT NOT A FREE PASS

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The Bahamas, May 4, 2026 – With elections days away, The Bahamas has picked up a headline-friendly win: a credit rating upgrade.

Here’s the one-liner that matters most:

A higher rating can mean cheaper borrowing for the government—over time.

That’s the upside. When lenders see less risk, they demand lower interest. That can ease the cost of financing big projects and managing national debt.

But that’s only part of the story.

Moody’s Ratings has upgraded The Bahamas to Ba3 from B1, citing stronger fiscal discipline, improved liquidity and a more stable funding strategy. It also points to better tax collection, controlled spending and continued strength in tourism as key drivers.

Moody’s expects the government to maintain solid primary surpluses—essentially bringing in more than it spends before debt payments—and projects national debt to decline from 72.5% of GDP to around 68% by 2027.

That’s progress.

But here’s the reality check.

The Bahamas is still below investment grade. In plain terms, the country remains in speculative territory, meaning investors still see a higher level of risk compared to more stable economies.

Debt, while improving, is still elevated. And the economy remains heavily dependent on tourism—a sector that can shift quickly with global conditions, weather events or geopolitical shocks.

Even Moody’s signals that more work is needed. Further upgrades depend on:

  • sustained reductions in debt
  • improved debt affordability
  • and continued access to favourable financing

So while the upgrade reflects real gains, it is not a finish line.

It is a signal that the country is moving in the right direction—but must stay disciplined to keep that momentum.

For voters heading to the polls, the takeaway is simple:

The Bahamas has strengthened its financial position—but the fundamentals still need work.

The progress is real.

The challenge now is to make it last.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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VOTES SAFE, SAYS PRD AFTER BALLOT BOX FIASCO VIDEO

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The Bahamas, May 4, 2026 – The Parliamentary Registration Department is assuring the public that ballots cast during advance polling remain secure, following a viral video that sparked confusion and concern in eastern Nassau.

The footage, widely circulated on social media, showed a tense scene outside Thelma Gibson Primary School, where party supporters surrounded election officials as a ballot box was escorted to a waiting vehicle under police guard. The confrontation—loud, chaotic and closely watched—left many questioning whether proper procedures were being followed.

In response, the PRD moved to clarify.

In an official statement, the Department said the transport of ballot boxes in the Elizabeth and Yamacraw constituencies was conducted in line with established protocol. It explained that once polling concludes, the Presiding Officer is required to return sealed ballot boxes to the Returning Officer, who—accompanied by a senior police officer—then transports them to the Parliamentary Commissioner.

The PRD said it is satisfied that Returning Officer Sonia Culmer adhered to those procedures and that the ballot boxes remained sealed at all times.

But that account has been challenged.

PLP Elizabeth candidate Jobeth Coleby-Davis has called for an urgent investigation into what she described as alleged irregularities involving ballot handling. She claims that established procedures were breached, including the movement of sealed ballot boxes without the presence of party observers, and is urging authorities to review the matter.

The competing accounts have added to public unease following scenes that saw supporters from multiple political parties crowding officials during the transfer process, demanding clarity on what was taking place.

Individuals clad in PLP shirts, including incumbent Coleby-Davis swarmed the returning officer, police officers and the ballot boxes.  The charge was the woman in the crosshairs of the accusations was connected to the opposition FNM party.

There was nothing to validate this claim and there is no confirmed breach reported by election officials.

Ballots cast during advance polling are expected to remain secured until Election Day, May 12, when they will be merged with ballots in their respective constituencies and counted as part of the official tally.

For now, the PRD is standing firm on the integrity of the process—even as calls for further scrutiny grow louder.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

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