Log In

Reset Password

Mixed-use housing schemes to be allowed in all of Hamilton

David Burt, the Premier (File photograph by Blaire Simmons)

An effort to encourage housing development within the North East Hamilton Economic Empowerment Zone will be expanded to the entirety of the city, David Burt said in Friday’s Budget.

Amendments to the Economic Development Act will encourage construction of mixed-use residential schemes to be built throughout Hamilton after earlier changes failed to bring in desired results.

The Premier said: “Approved residential schemes are restricted to the Economic Empowerment Zones in Somerset, St George’s and Northeast Hamilton.

“However, those areas have not seen the progress that I sincerely desired for this initiative designed to provide more housing units.

“Though the team at the Bermuda Economic Development Corporation continue to work diligently to advance this initiative, it is necessary that we expand the areas where improved residential schemes can be constructed.”

Approved residential schemes will involve large mixed-use complexes of homes and businesses.

Mr Burt said the expansion would encourage private sector investment into housing that would complement the Government’s efforts.

He assured the public that efforts to improve the Northeast Hamilton EEZ would not be abandoned, adding that the zone would have benefits for building housing schemes in the area not found in the rest of Hamilton.

Hamilton units instead would be available for purchase by residents, businesses and international groups without restrictions.

Mr Burt said: “It is the duty of the Government to look at what is working and to see what can be done better.

“As we take concrete steps to increase the working population in Bermuda, we must ensure that this does not further raise the cost of housing, causing distress for many working families.

“This change will increase the available spaces that can be developed for approved residential schemes and incentivise the private sector to start developments that may have been stalled due to a lack of possible purchasers.”

The Government’s Uptown Development Authority, which opened last September, will help point developers and investors to available spaces within Economic Empowerment Zones.

You must be Registered or to post comment or to vote.

Published February 21, 2023 at 7:38 am (Updated February 21, 2023 at 7:38 am)

Mixed-use housing schemes to be allowed in all of Hamilton

What you
Need to
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon