Prime Minister, the Most Hon. Andrew Holness, says that the loan limit for construction on National Housing Trust (NHT) serviced lots has been increased. The new limit will now be calculated as the difference in price of the NHT’s two-bedroom unit in the scheme where the lot is located and the price of the lot. “The limit on this loan...

Prime Minister, the Most Hon. Andrew Holness, says the National Housing Trust (NHT) will be introducing an intergenerational mortgage programme in the upcoming fiscal year. This initiative, he said, will allow flexibility in how a family member can support a beneficiary in acquiring an NHT property. “The aim is for a younger sibling or child to agree to carry the...

Over the next five years, a total of US$25 million will be invested in a project designed to finance and aid innovation, entrepreneurship and economic growth of micro, small, and medium-sized enterprises (MSMEs) and business startups. Dubbed ‘Boosting Innovation, Growth and Entrepreneurship Ecosystem (BIGEE)’ the project is being implemented by the Development Bank of Jamaica (DBJ). Making the announcement during...

The National Housing Trust (NHT) will be taking steps to automate and improve its internal processes and service delivery to contributors during the 2019/20 fiscal year. Prime Minister, the Most Hon. Andrew Holness, who has portfolio responsibility for the NHT, indicates that the automation of processes will enable contributors to access more products and services online. He was making his...

The Lupus Foundation of Jamaica has welcomed the Government’s decision to subsidise medication for persons living with the disease, at a cost of $340 million annually. During his contribution to the 2019/2020 Budget Debate in the House of Representatives on March 19, Prime Minster, the Most Hon. Andrew Holness, disclosed that starting April 30, Lupus will be added to the...

Prime Minister, the Most Hon. Andrew Holness, has announced that the National Housing Trust (NHT) loan limit will move from $5.5 million to $6.5 million, an increase of 18 per cent. “This increase is consistent with the estimated changes in construction cost per square foot since the last adjustment,” he said. Mr. Holness was making his contribution to the 2019/20...

The National Housing Trust (NHT) has approved four projects, comprising 2,143 homes, under its Guaranteed Purchase Programme (GPP), since its launch in November 2018. Prime Minister, the Most Hon. Andrew Holness, says the projects include 2,050 one- and two-bedroom units in St. Catherine, another 41 in Westmoreland, and 52 two-bedroom houses in St. Elizabeth. “Construction is expected to commence during...

The Government’s Housing Microfinance Loan Programme (HMLP) has facilitated 222 loans valued at $135.41 million since its establishment in August 2017. The HMLP involves partnership between the National Housing Trust (NHT) and credit unions, of which there are currently eight signatories. It aims to expand the NHT’s reach to low-income contributors by improving their access to funds for housing financing....

Applications open on March 26 for the new cohort of participants in the Jamaica House Fellowship Programme. The initiative, launched by Prime Minister, the Most Hon. Andrew Holness in 2016, is geared at exposing bright, young talent to public administration, in the hope that they will make public service their first career choice. Mr. Holness, in his contribution to the...