News
Bankers’ Association President Samuels Finds Residents Hungry for Housing Financing at policy launch
Dana Malcolm
Staff writer
#TurksandCaicos, August 11, 2023 – Despite the Government’s attempt to create more affordable housing for residents with the creation of the new Housing Policy, many say they left the launch feeling less hopeful than they went in.
After the event, one resident expressed it was time to speed up a government-operated mortgage scheme, and those inside the launch event had a similar lack of faith in their ability to secure bank-backed mortgages.
Marcus Samuels, Head of the Banking Association, was hit with questions about how the Association would seek to help residents secure mortgages to purchase these new government homes, considering how difficult residents on both sides of the employment spectrum (private and public) found it to get approval for loans.
The pre-prepared question was met with applause from the ample audience who had gathered to hear about the programs.
“Homeownership isn’t rocket science, ” Samuels said, stressing that once residents came prepared with knowledge about their own paychecks and the size of the loan they could be offered they had a good chance of success.
Necessary information included:
- Level of income
- Level of previous debt
He also said the cost of housing could be lowered for buyers if the Government decided to decrease or forgo their taxes.
“There are some fees that we genuinely cannot move, like the Government stamp duties, which is usually one percent on the transaction. Thankfully, the Premier is here— the ball is in his court.”
Zhavargo Jolly, Event Moderator, fielded concerns shared by residents, including that the proposed cost of homes in the example (just over $ 200,000) was lower than the usual market value in the country.
There was also a concern that the mortgages seemed geared toward double-income homes, which was not the case for all residents, alienating single mothers, fathers, and other single-income earners.
While Samuels came prepared with calculations for a hypothetical $230,000 home that he said proved residents could be able to own a home with a down payment as low as $12,500 the audience was unconvinced. When he questioned them about whether residents believed they could afford a home after laying down the calculations the answer was still a resounding ‘no’.
Following the event, Bishop Coleta Williams, Chaplain to the House of Assembly, also spoke on the programs expressing concern that residents would be paying back the loans for years to come.
Residents, in the comments of the live video which was carried on Facebook, expressed being disappointed that more representatives from the Banking Association weren’t present at the meeting when arguably one of the biggest roadblocks to housing is financing.
#TurksandCaicos, May 21, 2024 – Officers from the Serious Crime Unit (SCU) of the Royal Turks and Caicos Islands Police Force have made a breakthrough following boat thefts in the TCI.
On May 19, 2024, FARIDSON JEAN BAPTISTE, a Haitian national, was charged with the following offences:
- Theft of TCI boat Marauder
- Theft of TCI boat Jupiter
- Theft of TCI boat Team Baja
- Handling Stolen Goods
- Assisting Illegal Entry into the TCI
Mr JEAN BAPTISTE was initially detained on April 5 th 2024, while attempting to enter the TCI on a high-powered boat that was reported stolen. At the time of the interception, thirty (30) irregular migrants were being transported.
Mr JEAN BAPTISTE remains in custody pending a court date. The arrest and subsequent charges against Mr Jean Baptiste follow a complex, multi-jurisdictional investigation by the SCU and the Haitian National Police.
These investigations resulted in the recovery of boats and other property stolen from the TCI, which were retrieved from several locations in Haiti.
The recovered property has an estimated value of over $1.2 million.
#TurksandCaicos, May 21, 2024 – The Traffic Enforcement Unit of the Royal Turks and Caicos Islands Police Force conducted joint road operations alongside the TCI Border Force on May 13th and 16th, 2024, focusing on crime reduction, illegal migration, and road safety.
These efforts aimed to ensure compliance with Road Traffic regulations and yielded significant results. During these operations, THIRTY-EIGHT (38) individuals were detained for immigration violations, and SIXTY-SIX (66) were reported for traffic offences. For April and May 2024, overall joint operations have resulted in ONE HUNDRED and TWENTY (120) persons detained for immigration purposes, and ONE HUNDRED and NINETY-NINE (199) reported for traffic violations.
Acting Inspector Damian Mitchell emphasised the interconnectedness of road traffic compliance, crime, and illegal migration.
He stated, “These operations focus on addressing each critical area.”
Division B and Community Policing head Superintendent Dwight Gardiner noted a general increase in public compliance with traffic regulations during the first quarter of the year.
Superintendent Gardiner encouraged road users to adhere to all aspects of the law, stating, “Let us all strive to keep our roads safe for everyone and reduce crime in our communities. Adhere to the rules of the road. Thanks to our law enforcement partners and you, members of the public.”
Motorists are especially urged to comply with regulations regarding vehicle window tints. Violations carry a substantial penalty of $250 per window.
The RTCIPF and TCI Border Force thank the public for their cooperation and continued efforts to maintain safety and order on the roads.
Wilkie Arthur
Freelance Court Correspondent
#TurksandCaicos, May 21, 2024 – An undocumented Haitian male, aged 20, faces charges related to gang activity and firearms.
He was apprehended along with others in a small blue car in front of Sunny Foods Supermarket on South Dock/Five Cays Road on Tuesday, May 2nd, 2024. Providing the name JAMES SIMON to the police, he was accompanied by a 16/17-year-old (name withheld) who faces charges of unlawful entry.
The accused is charged with illegal possession of a Black Glock 44 (serial number AEBE402) containing 10 rounds of 22LR ammunition on South Dock/Five Cays Road, Providenciales.
Additionally, he is alleged to be one of three individuals involved in a morning robbery at 809 or Chances, Blue Hills, Providenciales. The robbery, captured on video, involved the gunpoint theft of a female’s white handbag containing $799.00.
He has been remanded until the next sufficiency hearing on July 7th, 2024. Appearing in court on Monday, May 13th, he was represented by Mr. Ashwood Forbes, with the Office of the Director of Public Prosecutions represented by Ms. Enjaleek Dickerson.
He was arraigned on the following charges:
- Gang membership
- Robbery
- Possession of a firearm for the benefit of a gang
- Possession of ammunition for the benefit of a gang
- Unlawful entry
- Possession of a firearm
- Possession of ammunition
Both individuals are Creole-speaking.
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