Through a partnership with the Central Housing and Planning Authority (CHPA), Demerara Bank has assisted three beneficiaries under the agencyβs core home initiative, who were unable to complete payment for their equity share contribution.
Cheques were presented to two of the beneficiaries, Dorette La Rose and Paula Alleyne by the bankβs Marketing Manager, Christina Correira, and Marketing Representative, Shirley Seokumar.
The cheques were handed over on Thursday at CHPAβs Brickdam, Georgetown headquarters. This was done in the presence of the Chief Executive Officer (CEO) of CHPA, Sherwyn Greaves, and CHPAβs Deputy Director of Community Development, Donell Bess-Bascom.
The CEO welcomed the partnership with the bank, which he stated will positively impact the lives of the beneficiaries. Similar sentiments were also expressed by Correira, who noted that Demerara Bank is eager to collaborate with CHPA in the future on many other life-changing initiatives.
The core homes are built to improve the standard of living for vulnerable households/groups through the Adequate Housing and Urban Accessibility Programme.
This Programme is funded by the Inter-American Development Bank (IDB). These two-bedroom concrete homes are valued at $4 million each, however, beneficiaries are required to pay an equity share contribution of $100,000 within one month of selection.
