🏠 Cayman Islands Government withholds housing report

The Cayman Islands Government has declined to publicize a report on the country's urgent housing issue, which was intended to inform new policies and provide solutions. The housing crisis, characterized by a lack of affordable homes for locals and expatriate workers, is impacting the economy and society in multiple ways. Despite the government's assertion that housing is a priority, there has been little progress in addressing the problem. The ongoing overdevelopment of high-end properties is exacerbating the issue, making home ownership and renting increasingly unattainable for many. 🏘️

Housing Minister Jay Ebanks recently spoke in parliament about initiatives to incentivize private sector developers to build affordable homes. He mentioned the development of the Cayman Islands' first Public and Affordable Housing Policy and a 10-year Strategic Plan, expected to be completed by year's end. A modernized government mortgage guarantee program has been approved, with updated criteria to reflect the current housing market. However, Ebanks did not discuss the status of the task force report or the progress of the broader policy. 🏗️

When asked for the task force report, officials directed an FOI request to the Cabinet Office, which holds the document. The office has since refused to release the report. The refusal letter stated that the document was "exploratory work to identify areas that could be further reviewed, researched or actioned to assist Cabinet's deliberative process" regarding housing needs. Meanwhile, the housing shortage continues to be fueled by outdated planning legislation and the government's failure to address public transport issues. 🚧