The Fiji Development Bank (FDB) is actively seeking new partnerships to enhance housing affordability in the region. By collaborating with government agencies, landowners, suppliers, and the Public Rental Board, the bank aims to initiate joint projects that facilitate low-cost housing solutions.
Filimone Waqabaca, the CEO of FDB, expressed the bank’s commitment to engaging all stakeholders in efforts to lower home ownership costs. He highlighted the importance of these partnerships, stating that their collective efforts could lead to the delivery of affordable housing options. “That is why I emphasise that even from FDB, we are talking with other players in the market, and we hope that our combined efforts will allow us to provide a home at a very low cost,” Waqabaca remarked.
Additionally, he noted that the Choice Home Loan, which was first introduced last year, has been approved in this year’s budget. Following the announcement, applications for this loan have been pouring in, with offers expected to be issued in January.
These initiatives signal a positive direction for housing in Fiji, as increased collaboration and innovative financing options could make securing a home more attainable for many families. With a focus on reducing barriers to home ownership, the FDB’s strategy holds promise for the community.
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