Housing Dept. nets $2B selling land last year

Guyana’s Central Housing and Planning Authority (CHPA), has reported more than $7B in income for the year 2011 and the year ending with a surplus.

The report audited 2011 report has been made available and reveals that that in 2011 a significant portion of this income for CHPA, specifically, $4.8B is listed as from “Infrastructure Projects-GoG.”

The second largest bloc of income for the Ministry’s Housing Department, relates to “sale of land” totaling $2B.

CHPA has listed under its ‘Statement of Comprehensive Income for the Year Ending 31 December, 2011” a total income for the previous year, $1.9B.