The Antigua and Barbuda government has authorized EC$41 million in housing concessions for 2025 through its flagship Construct Antigua and Barbuda Initiative (CABI), pushing the program’s total value beyond EC$900 million since its inception. Tourism and Investment Minister Charles “Max” Fernandez revealed these figures during the Budget Debate, highlighting CABI’s role as a cornerstone of the nation’s home-ownership strategy.
The 2025 approvals will facilitate the construction of 120 new homes for first-time buyers, with all recipients receiving significant concessions. Minister Fernandez emphasized that these figures represent exclusively CABI-approved units and do not include developments under separate housing schemes like Central Housing or other subsidized programs.
Launched in 2011, CABI has dramatically exceeded its original scope, now boasting over 1,500 approved homes nationwide. Fernandez credited continuous program reforms for enhancing both its reach and effectiveness. “We met the program. But we make it better,” he stated, underscoring the government’s commitment to refining the initiative.
Beyond mere construction numbers, Fernandez stressed CABI’s profound social value in enabling homeownership for citizens who would otherwise face prohibitive market barriers. The program specifically targets first-time Antiguan and Barbudan homeowners, providing them with unprecedented opportunities to acquire property.
Notably, all CABI-approved homes must comply with elevated resilience and sustainability standards, reflecting government mandates for climate-resistant construction. Minister Fernandez pointed to recent regional disasters as catalysts for these strengthened building requirements, ensuring new infrastructure can withstand environmental challenges.
Concluding his address, Fernandez framed CABI’s mission in broader terms: “It’s not just about building houses, it’s about building a future,” positioning the program as both an economic catalyst and social empowerment tool for the nation’s citizens.