News

Skill Cards launched for the Construction Industry

Wednesday, May 25th, 2016

Malta Developers Association President Sandro Chetcuti was one of the speakers at the launch of Skill Cards for the Construction Industry, earlier this week.

This is the first project of this nature in the country that is being led by the Building Industry Consultative Council, together with a several entities, among them the MCHFE, MCAST, the OHSA, the ETC, the BRO and the Department of Local Government.

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MDA concerned on tender for ITS site

Tuesday, May 17th, 2016

The Malta Developers Association is concerned on the process followed for the call for offers for the development of the ITS site in St George’s Bay.

While the MDA declares that it is not against the project proposed by the Sea Bank Group, the MDA is concerned that there appear to have been shortcomings in the process for the tender call.

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older news

MDA ON NEW HOUSING AUTHORITY RENTAL SCHEME

The Malta Developers Association (MDA) refers to the new rental scheme launched by the Housing Authority through which property owners can rent their premises to the authority, which will then sublease it to tenants at subsidised rates.

The idea of using existing vacant building stock for rents to persons who qualify for social assistance in housing originated from one of the many suggestions made to Government before the Budget by the MDA, which had also suggested that a fixed rent for a predetermined period could be incentivised by a reduction in income tax from rents, as actually indicated in the announced scheme.

However, instead of allowing for a free rental market with tenants dealing directly with owners and then registering the lease when applying for subsidy, the scheme has become one where owners lease to the Housing Authority, which in turn sub-leases to the tenants.

This is in fact a major obstacle for the success of the scheme. Owners would normally seek to know who the prospective tenants are before they enter into a rental agreement and should not be obliged to accept anyone who obtains a sub-lease from the Housing Authority.

This would have avoided a lot of expensive bureaucracy and expenses on the part of the Authority, which will now be responsible for potential damages made to properties by its sub-lease holders.

With the announced scheme the property owners concerned will lose all control of their property and what happens to it, much as what used to happen in the past in the case of requisition orders.

It is a pity that such a good initiative has been smothered at its inception in this way rather than being allowed to flourish, something that would not have happened had the Housing Authority consulted interested stakeholders before finalising the scheme.

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