Isle of Man public housing gets £130m investment
Affordable housing on the Isle of Man is to benefit from £130m investment over the next five years.
The money will be used to upgrade existing public housing and to build new homes, said Martyn Quayle MHK, minister for social care.
He said that 60 new rental homes would be built this year and that an annual £3m fund had been set aside to help first-time buyers.
The building programme is also providing local employment.
Mr Quayle said: "Anyone who has seen the new properties that have been recently built, such as in Pulrose in Douglas or Janet's Corner in Castletown, will know that we are providing high-quality homes that are built to last.
"This investment is also providing work for the island's construction industry."