The National Housing Trust (NHT) has informed that it has compensated residents who were affected by flooding last year at its Ruthven Towers apartment complex, in New Kingston. The entity’s Managing Director, Martin Miller, told a Standing Finance Committee of the House, today (March 1) that the flood-damaged vehicles of 11 of the 14 persons who were directly affected, were...

Real estate dealers and salesmen have another opportunity to enhance their social media marketing skills through training to be provided by the Real Estate Board (REB). The course will be held over two three-hour sittings, commencing with a beginner module on February 21 and 28. Another session for persons at the intermediate level, with advanced social media knowledge, is set...

The Real Estate Training Institute (RETI) is looking to extend its professional development services to other countries within the Caribbean. Principal of the RETI, Dr. Tina Beale, made the disclosure in an interview with JIS News. “We are acutely aware of the reality that Jamaica is a leader among Caribbean countries with respect to real estate. There are very few...

The National Housing Trust (NHT) will introduce a new financing model during the 2023/2024 Financial Year, which will entail partner arrangements with regulated mortgage-lending institutions. This framework is intended to significantly increase the supply of mortgages while at the same time release funds to focus on the development of affordable housing. Governor-General, His Excellency the Most Hon. Sir Patrick Allen,...

The Real Estate Board/Commission of Strata Corporations (REB/CSC) will be establishing a dispute tribunal to assist the courts in settling industry-related matters. Newly appointed REB/CSC Chief Executive Officer (CEO), Phillip Chambers, says the tribunal will enable a “quicker turn-around time, in terms of persons accessing justice or resolving dispute around real estate issues”. “So, we will be in the process...

The Government will be spending $350 million to construct 24 housing units at St. Paul’s Lane in Tower Hill, St. Andrew. Programmed for completion by June 2023, the housing project will significantly improve the living conditions of families in the area. It is a collaborative effort involving the Housing Agency of Jamaica (HAJ), National Housing Trust (NHT), Jamaica Social Investment...

Clients making payments to the Real Estate Board (REB) and Commission of Strata Corporations (CSC) are being reminded to use their Consolidated Cash Plan (CCP) and serial numbers to ensure their lodgements can be properly identified. This, as the organisation continues to experience challenges in validating payments without the requisite information. A CCP number is a standard 16-digit figure that...