The Prospect Ridge Community for Young Professionals Serviced Lots programme provides affordable lots for Bahamian young professionals. The new, upscale community will be built on prime Crown Land, the first of which is the Prospect Ridge Community for Young Professionals. It is available for young Bahamians who qualify to purchase, build, own and maintain a home

Learn more about Prospect Ridge Community for Young Professional Serviced Lots eligibility requirements.

Nationality

• Applicants must be Bahamian citizens

Residency

• Applicants must be resident in The Bahamas.
• Family Island residents can apply
• This home must be your primary residence

Professional​

• For the purposes of this project, a professional is “someone who is accomplished in his or her field, sufficient independently to sustain a mortgage or the financial responsibility for a residential dwelling in the community”.

First –time homeowner

• The applicant must be a first-time homeowner.

Age Requirement

• The applicant(s) must be 18 to 45 years old at the time of application.

Financial Suitability

• The applicant (s) must show proof that he or she can qualify for a loan from a financial institution to purchase and build on their property if chosen; or,
• The applicant (s) must provide a letter from a financial institution stating that they currently hold the required cash and have the regular income needed to purchase the property, build and maintain the building.
• The government will not be providing guarantees for mortgages.