Under the new initiative Nationals of SKN have the opportunity to acquire land, through their domestic banking institutions, at a rate of EC$5 per square for the first 4000 square feet and EC$6.95 for any addition to the 4000 square feet. Successful applicants will be granted a six month grace period before payments begin to arrange manageable monthly payments, to be paid over periods up to ten years. Banks in support of the initiative include, The Development Bank of St. Kitts and Nevis, First Caribbean International Bank, the Royal Bank of Trinidad and Tobago (RBTT), the Royal Bank of Canada the St. Kitts-Nevis-Anguilla National Bank, Scotia Bank and the St. Kitts Co-operative Credit Union.