The Government of St. Lucia has guaranteed a US$20 million (EC$54 million) financing facility between the St. Lucia Development Bank (SLDB) and Taiwan Eximbank.
It’s been described as the largest housing investment in the country’s history. “This investment of EC$54 million is the largest investment in housing in the history of this country,” Prime Minister Philip J. Pierre said at the ceremony, drawing applause from those in attendance.
The agreement builds on a broader slate of government housing initiatives outlined in this year’s Budget Address.
The National Housing Corporation is constructing multi-family condominium-style residences at Talvern, with the Rockhall Housing Project expected to be completed within six months, and a new housing estate in the planning stages for Choc, Castries.
An ongoing land rationalization program between the Ministry of Housing and the Ministry of Physical Development is releasing government land for residential development, complemented by the National Site and Service Program, which provides serviced lots at affordable prices, and the National Housing Assistance Program, which addresses basic housing deficiencies for low-income and indigent households.
Invest St. Lucia has also partnered with a regional real estate developer on a 10-acre housing project in Belevedere, Canaries, and is in discussions on a similar condominium style development in La Fargue, Choiseul.
Housing has been a central focus of SLDB’s work over the past year. In 2025, the bank approved about $11.5 million in concessionary housing financing, part of a broader push to expand home-ownership and support home improvements for lower- and middle-income households.
