Strata property owners will benefit significantly from the new property tax regime when it takes effect on April 1. A new methodology for property tax assessment will be applied to strata properties that will allow owners to pay tax for the value of their individual units rather than the entire strata as was the case previously. Chief Corporate Communications Officer...

Chairman of the National Housing Trust (NHT), Ambassador Dr. Nigel Clarke, says the entity has embarked on an ambitious and aggressive drive to assist persons in realising their dreams of owning their own home. During 2017/18, the entity will commence construction of almost 6,000 housing solutions across Jamaica and provide loans for mortgages at a cost of $28.6 billion. Approximately...

Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Hon. Dr. Horace Chang, says housing allocation will be done in a manner that is fair to all Jamaicans. Speaking at the ground-breaking ceremony for a National Housing Trust (NHT) project in Shrewsbury, Westmoreland, on March 24, Dr. Chang, who has responsibility for water, housing and works, said...

Prime Minister, the Most Hon. Andrew Holness, says ground will be broken shortly for a 1,200-unit housing development in Negril, Westmoreland, which will target tourism workers. “We expect this project to be completed by 2020 and (that) the people of Westmoreland will benefit significantly,” he said. He noted that Negril is “expanding beyond everyone’s wildest expectations” and the Government has...

Prime Minister the Most Hon. Andrew Holness on Friday (March 24) broke ground for the development of 112 serviced lots in Westmoreland. To this end, the National Housing Trust (NHT) will develop 51 serviced lots at Yeast Plant in Frome at a cost of $127 million; and 61 serviced lots in Shrewsbury, at a cost of $119 million. Speaking at...

The National Housing Trust (NHT) will on April 1, commence its Housing Microfinance Initiative, which will allow low-income contributors to repair or improve existing homes or build their own homes, one step at a time. The Initiative, announced by Prime Minister, the Most Hon. Andrew Holness, in his Budget Debate presentation in the House of Representatives today (March 21) provides...

Chairman of the National Housing Trust (NHT), Ambassador Dr. Nigel Clarke, is urging more Jamaicans to start making contributions to the Trust, in order to secure a housing benefit from the agency. Speaking recently in Westmoreland where ground was broken for the construction of two housing developments, Ambassador Clarke said the number of Jamaicans making contributions to the NHT is...