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Minister Bell ddresses meeting escalating housing needs

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By Stirling Strachan

Bahamas Information Services


NASSAU, The Bahamas — “This Budget is not just a national document,” said the Hon. Keith Bell Minister of Housing and Urban Renewal during his contribution to the 2025/26 budget debate in the House of Assembly, June 17.  “It is a tool to support and strengthen our work in communities like Carmichael. It reflects the values, aspirations and real needs of the people I represent.

First and foremost, Minister Bell said, this budget seeks to respond to the very real pressures Bahamians are facing from the rising cost of living.  It does so in a practical, targeted and fiscally responsible way.

“This Budget extends the list of VAT-reduced items. Providing much needed relief at the grocery store and at the cash register.”

“Let me be clear,” Minister Bell said, “this is not just about one or two token items like corned beef.  This is an extensive list carefully designed to bring broad-based relief to working families.”

Here is what’s most important.  Minister Bell said, “We are doing it without raising taxes elsewhere.”

In recent months, electricity bills have come down, not because of talk, but because of real, tangible reform, said Minister Bell.

“This budget takes those reforms even further. It introduces duty waivers for individuals purchasing high-efficiency appliances, making it more affordable for families to reduce their energy consumption.”  The result is simple, “lower electricity bills and more money left in the pockets of hardworking Bahamians.”

Affordable housing must go beyond simply moving families into far-off developments, said Minister Bell.  “We must also focus on strengthening the communities they already call home, where families have roots, churches, schools and support systems.”

In his constituency of Carmichael, Minister Bell announced that the government has acquired approximately four acres of land on Vispen Road off St. Vincent Road for the development of a new government subdivision in Carmichael.

“This will mark the first addition of new government housing in the constituency in decades. The site will accommodate more than 40 affordable homes and we expect to commence construction of the first homes shortly.  We have secured the Certificate of Environmental Clearing and the land has already been cleared.

“The new housing subdivision will feature three-bedroom, two-bathroom homes, as well as two-bedroom, one-bathroom homes.  All will feature quality finishes including 40-year warranty architectural shingles, hurricane impact grade windows and much more.”

On a much wider scale, he stated: “Across our archipelago, thousands of Bahamian families are still waiting — waiting for a place to call their own.  For far too many, homeownership feels like a distant dream, out of reach due to high costs, limited availability, and systemic barriers.                                                                                                                                                                                 “The data is clear: we are facing a housing deficit that is widening with each passing year.  The 2020 Census confirmed what we see every day — multiple generations crowded under one roof, young families priced out of the market, and growing frustration among those who simply want the dignity and stability that comes with having a decent home.

“This is not just an economic challenge. It is a social and moral one.

That is why this Davis-led Administration is methodically pursuing bold, innovative, and practical solutions to meet the housing needs of our people.”

The Housing Minister explained: “Our administration’s housing policy is not a collection of ad hoc ideas — it is a coherent, deliberate, and comprehensive strategy to expand access to affordable, quality housing across The Bahamas — and to do so in a way that is sustainable, inclusive, and grounded in dignity and opportunity.”

In the Blueprint for Change, he said, “we pledged to make housing a basic right — and we are delivering on that promise by expanding access to affordable homes through new subdivisions, rent-to-own programmes, and public-private partnerships.

“To deliver on this vision, Madam Speaker, we are building  on eight interlocking pillars — each reinforcing the next  to create a stronger, more resilient foundation for housing  delivery: (1) the creation of new government subdivisions; (2) bringing derelict and underutilised  properties to market; (3) duty reductions and targeted concessions; (4) public-private partnerships; (5) the Self-Build Housing Programme; (6) the overhaul of  government rental units; (7) the Rent-to-Own Initiative;  and (8) innovative funding mechanisms.

“These pillars are not political theatre. This is not a glossy report to be shelved or a set of promises for the distant  future. This is a live programme of action — grounded in the present, rooted in the needs of real people, and already transforming lives across The Bahamas.”

(BIS Photos/Kemuel Stubbs)

Bahamas News

New Manifestos Released as Bahamas Heads to Historic May 12 Vote

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The Bahamas, April 14, 2026 – With the 2026 Bahamian general election set for May 12, the country’s major political parties have now formally placed their plans before the electorate, offering competing visions for governance, growth and relief.

The governing Progressive Liberal Party (PLP), led by Philip Davis, launched its “Blueprint for Progress 2026” on April 8, 2026, outlining a 46-page plan focused on long-term development and systems reform. The document places heavy emphasis on energy transition, digital government, workforce training and food security, positioning the party as one seeking continuity following its first term. The full plan is publicly available online through official PLP platforms for voters to review.

Just days later, on Sunday, April 12, the opposition Free National Movement (FNM), under Michael Pintard, unveiled its 2026 Manifesto at a major event in Nassau. Spanning 54 pages, the document centers on cost-of-living relief, tax reform, healthcare expansion and housing, offering what the party describes as a more immediate response to economic pressures facing Bahamian families. The FNM has also made its manifesto accessible online.

Beyond the two major parties, the Coalition of Independents (COI) had already entered the policy space earlier, formally unveiling its long-range Vision 2030 framework on Saturday, March 1, 2025, at the Fusion Superplex in Nassau during a packed national launch led by party leader Lincoln Bain. That framework has since been complemented by a 100-day action plan released in late March/early April 2026, adding a short-term policy layer to its long-range proposals.

These policy rollouts come as the country prepares for a pivotal vote, with the Parliamentary Registration Department confirming a voters’ register of approximately 203,000 eligible voters, one of the largest in the nation’s history. Key dates are now set, with Nomination Day on April 16, followed by advance polls on April 30, ahead of General Election Day on May 12.

With platforms now in the public domain and the timeline locked in, the focus shifts squarely to the electorate—who must now weigh the promises, examine the plans and decide the country’s direction at the polls.

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

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From Concept to Approval: What a 2019 Water Security Plan Now Means for Bahamians

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The Bahamas, April 14, 2026 – At its core, the $65 million water security project is designed to strengthen the reliability, safety and resilience of the water supply across The Bahamas.

If implemented as planned, the investment is expected to improve water quality, reduce contamination risks and support public health, while increasing supply reliability and limiting service disruptions during droughts or system failures. The project also aims to expand and upgrade infrastructure, including wellfields, pumping stations and storage capacity, and to protect freshwater resources from saltwater intrusion—an increasing threat for low-lying islands. In practical terms, that could mean cleaner, more consistent and more dependable access to water for residents across the country.

The project was first conceptualised in 2019 under the previous administration, when a proposal was submitted to the Green Climate Fund to strengthen the resilience of the country’s water systems. That early work came just months before Hurricane Dorian exposed the vulnerability of national infrastructure, including critical water and sanitation systems, particularly in the northern Bahamas.

The initial phase focused on developing the concept, identifying priority areas and engaging regional and international partners, including the Caribbean Development Bank, to support the design and preparation of a full funding proposal.

Following the change in government in 2021, the project advanced into its most technical and demanding stages. The current administration oversaw the completion of key requirements, including feasibility studies, environmental and social assessments, and detailed financing negotiations with international partners—steps necessary to move the proposal from concept to approval.

That multi-year process has now culminated in approval of a $65 million financing package, combining grant funding with concessional loans to support long-term upgrades to the country’s water infrastructure.

While the project brings significant international support, it is not entirely free money. The package is structured as a blended financing arrangement, combining grant funding with concessional loans—meaning a portion of the funding will ultimately need to be repaid. Based on information released by the Caribbean Development Bank, approximately $25 million of the total package is tied to loan financing, with the remaining portion provided as grant support.

Concessional loans typically carry more favourable terms than commercial borrowing, including lower interest rates and longer repayment periods. However, they still represent debt obligations that will be borne over time.

Notably, detailed terms of the loan components—including interest rates, repayment schedules and any associated conditions—were not disclosed in the initial announcement issued by the Office of the Prime Minister (Bahamas). Those details are expected to be outlined in formal financing agreements, but have not yet been made public.

For Bahamians, the project represents both investment and obligation. While the grant funding provides a significant boost to infrastructure development, the loan component adds to the country’s long-term financial commitments—making transparency around terms and implementation timelines especially important.

While the approval marks a significant milestone, the timeline for delivery remains a critical factor. Based on information available from project partners, implementation is not expected to begin immediately. The initiative is anticipated to move into its execution phase later in 2026, following finalisation of financing agreements and completion of preparatory requirements.

From there, the project is projected to unfold over several years, with estimates suggesting a multi-year implementation period of up to seven years to fully deliver the planned upgrades to water infrastructure across The Bahamas.

This means that while the funding has now been approved, the benefits will be realised gradually rather than all at once. A definitive completion date has not been publicly outlined, and detailed timelines tied to specific islands or phases of work have yet to be disclosed.

For Bahamians, the question now shifts from approval to execution—when funds are drawn down, when construction begins, and how consistently the project moves from plan to delivery.

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

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Fuel Pain at The Pump: Global Tensions Drive Prices Up as Bahamians Feel the Squeeze

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NASSAU, Bahamas — What should be a simple five-minute drive is fast becoming an expensive, hour-long ordeal, as rising fuel prices collide with worsening traffic congestion across New Providence.

As of early April 2026, gasoline prices across The Bahamas have climbed sharply, with motorists now paying an estimated $5.50 to over $6.50 per gallon, depending on the station and grade. The increases, seen at major retailers including Esso, Rubis and Shell, reflect a volatile global oil market driven by escalating geopolitical tensions.

The latest spike — in some cases jumping more than 50 cents per gallon within days — is being driven by uncertainty surrounding escalating tensions involving Iran. U.S. President Donald Trump has issued a direct ultimatum, warning that the United States could launch aggressive strikes on Iranian infrastructure, including power plants and key facilities, if demands are not met. While he has also expressed hope for a swift resolution, the threat of rapid escalation is already rattling global oil markets — and The Bahamas, heavily dependent on imported fuel, is feeling the impact almost immediately.

At the pumps, the frustration is real.

Drivers are now paying significantly more just to sit in traffic. Commutes that once took minutes are stretching into hour-long crawls, burning fuel with little movement and compounding the financial strain. For many residents, the issue isn’t just the price per gallon — it’s how quickly that gallon disappears.

Industry players are also bracing for impact. Higher diesel prices are expected to ripple across key sectors, including trucking, construction, and shipping — all of which ultimately feed into the cost of goods and services. In short, this is not just a fuel story; it’s an inflation story in the making.

Despite the surge, the Bahamas Petroleum Retailers Association has moved to calm fears, confirming that there is no fuel shortage. Supply remains stable, but consumers are being urged to adjust behavior — from maintaining proper tyre pressure to considering carpooling — small measures that could stretch every dollar a bit further.

Retailers, however, are not offering much comfort on price relief. While fluctuations are expected, insiders say the days of sudden price drops are unlikely in the immediate term. The “shock” increases may level off, but a meaningful decline hinges on global stability — something that currently feels out of reach.

For Bahamians, the reality is tightening: higher fuel costs, longer commutes, and a growing sense that relief isn’t coming anytime soon.

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

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