BHC Mission Statement:
“TO PROVIDE ACCESSIBILITY TO ADEQUATE AND AFFORDABLE HOUSING AND TO PROMOTE INDEPENDENT LIVING TO ENHANCE THE QUALITY OF LIFE IN BERMUDA.”
BHC Vision Statement:
“EVERY BERMUDIAN WILL RESIDE IN AN ADEQUATE AND SAFE ENVIRONMENT.”
History of Bermuda Housing Corporation
The Corporation was established in 1974 with the appointment of its first Board of Directors led by Chairman Commander Geoffrey Kitson, R.N. (ret.) and Mr. Leslie H. Cock, F.R.I.C., General Manager. Above you will see the first staff members which include (from left to right) J.P. Chiappa, Jr. Accountant, Miss Sheryan Talbot, Receptionist, L. H. Cock, General Manager, Mrs. Enid Frederiksen, Secretary, and Charles J. Lee, Assistant to General Manager.
100 Homes Project
BHC had started the 100 Homes Project to alleviate the urgency of those in need, where the private sector were not focused on the lower end of the market. In early 2000, affordable housing was listed as the number 1 item of concerns at that time as many citizens were resorting to sleeping in caves, cars and abandoned buildings.
Rent Geared to Income (RGI)
In 2010, BHC had successfully completed the Rent Geared to Income (RGI) initiative, in an effort to ease the financial burdens on Bermudian families, on behalf of the Bermuda Government. This gives real relief to clients by assisting them with requested payment of only 35% of their combined household income to be paid to the Corporation as rent. Part of this program includes a mandatory 10% savings portion of the monthly household income to guide clients into positive saving habits.