The iTaukei Land Trust Board (TLTB) is actively working to tackle rent arrears while simultaneously enhancing land development projects to benefit landowners. TLTB’s chief executive officer, Solomone Nata, addressed the issue during a recent submission to the Parliamentary Standing Committee on Social Affairs concerning the organization’s 2023 Annual Report.
Nata acknowledged that outstanding rent remains a significant challenge for TLTB. “Of course, we have rent arrears. This is one of the main challenges that we are facing,” he remarked. However, he reported positive progress, noting that the amount of arrears has improved due to targeted strategies that have bolstered rent collection efforts. This year began with reported arrears amounting to $27,000,751, but TLTB has seen a decline over the years thanks to its ongoing strategies.
He also emphasized the importance of the Estate Services Division, which not only manages lease processing but also oversees various land development initiatives. In the past year, TLTB completed two significant subdivision projects now available for sale: Vunitavola and Varavu subdivisions in Ba. These subdivisions are fully equipped with tarsealed and gravel roads, as well as access to power and water.
Nata explained that TLTB initially covers all development costs for landowners, who can expect long-term benefits from these investments. “We bear all the costs for the landowners, and these are ready for selling right now. We will recover the costs, and the landowners will receive a much better return from the practice of issuing individual leases for residential purposes in the area.”
These efforts not only showcase TLTB’s commitment to improving the financial landscape for landowners but also demonstrate the potential for sustainable development in the region, fostering a brighter future for the iTaukei community.