WILLEMSTAD – Fundashon Kas Popular (FKP) has presented the pilot phase of its Mi Kas Awor housing program, which aims to help as many as 370 Curaçao families obtain affordable housing during its first year.
The program combines affordable housing construction with financial assistance tailored to different income groups and cooperation between the government, FKP and the private sector.
According to FKP, Curaçao faces a structural housing shortage. Approximately 870 new homes are needed annually just to keep pace with population growth, while current production stands at about 697 homes per year. More than 16,000 families are currently registered through the FKP/Mi Kas Awor portal.
The Curaçao government committed the first funding package for Mi Kas Awor in July 2026. The funding will be incorporated into the 2027 budget, with the government and FKP initially committing a combined XCG 2 million to activate the first phase.
Mi Kas Awor divides applicants into several categories based primarily on household income.
MKA 1 targets families earning up to XCG 1,000 per month and will begin with a pilot involving 25 families who will also receive social guidance. The proposed model includes an initial contribution of XCG 20,000 and monthly financial support of XCG 715 for 15 years.
FKP says that if a partnership with the Ministry of Social Development, Labor and Welfare (SOAW) is finalized, the amount paid by participating families themselves could be reduced to approximately XCG 300 per month.
MKA 2 is intended for 17 families earning up to approximately XCG 2,500 per month. Under the proposed structure, participants would receive XCG 20,000 toward the initial payment and XCG 350 per month for seven years.
MKA 3 targets 34 families earning up to approximately XCG 4,000 per month and provides for XCG 350 in monthly support over seven years.
The largest group falls under MKA 4. This category is expected to accommodate 294 families earning XCG 4,000 or more per month. They would receive access to affordable homes at reduced prices through FKP, as well as assistance during the financing process.
According to FKP, monthly payments toward purchasing a home through Mi Kas Awor could start at approximately XCG 550, depending on the conditions applicable to individual participants.
Together, the four categories are intended to reach up to 370 families during the program's first year.
Tera Kòrá has been selected as the location for the first pilot development. Plans call for seven residential towers containing 32 apartments each, resulting in 224 apartments. Units will range from 45 to 90 square meters, with green spaces and recreational areas incorporated into the development.
Together with the first phase planned for Wechi, the developments are expected to provide capacity for 370 homes as part of the broader Mi Kas Awor program.
FKP is also beginning the allocation process. Factors considered include household income, demonstrated savings, the amount of time an applicant has been on FKP's waiting list, points accumulated within the FKP system and vulnerability.
The housing foundation is urging people already on the waiting list to update their information and continue saving. According to FKP, applicants who keep their records current and demonstrate consistent savings can improve their chances of moving toward homeownership.