The Housing Authority (HA) Board has approved a significant loan of $39 million, aimed at supporting the development of 4,700 housing lots over the next five years. This announcement underscores the HA’s commitment to addressing the housing needs of middle- to low-income families, especially those in the lower income brackets.
The newly sanctioned funds will facilitate the completion of five ongoing land development projects: Davuilevu – Nausori, Nepani – Nasinu, Koronisalusalu – Tavua, Tavakubu, and the Tavakubu Infill in Lautoka. According to the HA, these projects are nearing completion, with 90-95% progress reported. The anticipated timeline for delivering residential lots from these projects falls between FY 2025/26 and 2026/27, amounting to 1,726 lots with a total budget of $99 million, of which 82% has been utilized.
Additionally, the loan will partially finance five upcoming projects, including Tacirua, which commenced in August 2025, and several others scheduled to follow suit in subsequent months and years. Combined, these new projects are estimated to deliver 2,974 lots from 2026 to 2029, with a projected budget allocation of $248 million—6% of which has already been utilized.
HA’s acting chief executive officer, Poasa Verevakabau, emphasized that the Authority’s development plans align with both national initiatives and international frameworks, including the National Development Plan and the UN’s Sustainable Development Goals. The Ministry of Housing continues to play a pivotal role in promoting homeownership among families in need.
The total cost for these ten development projects is estimated to be around $347 million, with a predicted boost to the construction industry expected to reach nearly $1 billion from 2026 to 2029. This spending will primarily benefit both potential lot owners and construction companies engaged in building new homes.
To further enhance accessibility to homeownership, the HA has reduced home loan interest rates. The new rates, effective August 1, 2025, will stand at 2% for households earning under $30,000 annually and 3.5% for those earning between $30,000 and $50,000. This effort is complemented by government support through initiatives like the First Home Government Grant and the Reserve Bank of Fiji’s Concessional Housing Facility.
In partnership with the i-Taukei Lands Trust Board, the HA is working to acquire more land for development, which reflects an ongoing commitment to improving the socio-economic welfare of communities.
This progressive approach by the Housing Authority highlights a hopeful direction for the future of housing in Fiji, aiming to provide secure and affordable options for Fiji’s families while supporting overall economic growth through expanded construction initiatives.
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