Affordable Housing and Home-Ownership Support Act

Key Provisions:

1. Palau Housing Development Fund (PHDF): Provides low-interest loans and grants for first-time homebuyers.
2. Public-Private Housing Partnership Program: Encourages joint projects between the government and local developers.
3. Outer Islands Housing Initiative: Prioritizes funding for communities with limited access to construction materials.
4. Rent-to-Own Scheme: Enables tenants to convert rent payments into equity over a 10-year period.
5. Sustainable Building Guidelines: Promotes use of local materials and climate-resilient design.
6. Oversight and Accountability: The Ministry of Community & Infrastructure shall monitor implementation and submit semiannual updates to the OEK.