06/06/2026
MORTGAGE CORPORATION BILL MARKS NEW ERA FOR HOME OWNERSHIP
Providenciales, Turks and Caicos Islands: The Government of the Turks and Caicos Islands has welcomed the passage of the Mortgage Corporation Bill 2026, marking a significant step toward expanding access to affordable home ownership and economic opportunity.
The legislation establishes the Turks and Caicos Islands Mortgage Corporation, a statutory body designed to increase access to mortgage financing, support housing development and help more citizens achieve home ownership.
The Corporation will provide financing for the purchase, construction and rehabilitation of homes, while also supporting broader housing developments and promoting financial literacy. It will operate under strong governance, regulatory oversight and transparent reporting standards.
Once operational, the initiative is expected to expand access for first-time buyers, support families building on family land, increase housing supply and drive economic growth.
The Government will now move to implementation, including appointing a Board, recruiting leadership and developing mortgage products.
Premier Charles Washington Misick said the Bill supports inclusive growth, expanding opportunity and helping more citizens to own, build and belong.