The iTaukei Land Trust Board (TLTB) is making strides to address outstanding rent arrears while enhancing land development initiatives aimed at benefiting landowners. Solomone Nata, the chief executive officer of TLTB, presented these efforts during a recent submission to the Parliamentary Standing Committee on Social Affairs regarding the organization’s 2023 Annual Report.
Nata acknowledged the persistent challenge of rent arrears, stating, “Of course, we have rent arrears. This is one of the main challenges that we are facing.” Despite this, he highlighted that improvements have been made, showing a reduction in outstanding payments due to proactive strategies implemented to strengthen rent collection practices. At the start of the year, reported arrears totaled $27,000,751, but TLTB’s ongoing efforts have led to a positive trajectory in this regard.
Furthermore, Nata underscored the crucial role of the Estate Services Division, which manages lease processing alongside various land development projects. Over the past year, TLTB successfully completed two significant subdivision projects in Ba, namely the Vunitavola and Varavu subdivisions, both of which are now on the market. These areas are fully equipped with tarsealed roads and gravel pathways, as well as essential utilities such as power and water.
Highlighting the support offered to landowners, Nata explained that TLTB absorbs all initial development costs, allowing landowners to reap long-term benefits from these improvements. “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,” he noted.
These initiatives not only reflect TLTB’s dedication to improving the financial standing of landowners but also signal a commitment to sustainable development within the region. This proactive approach fosters hope for a brighter future for the iTaukei community, showcasing the potential for economic progress and enhanced living conditions.