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The National Housing Trust (NHT) anticipates that the years ahead will be “very productive”, with the implementation of a five-year housing plan in the current financial year, for the construction of some 29,000 units at a cost of $70 billion.
As stated in the Trust’s annual report for 2005/06, which was tabled in the House of Representatives recently, “housing developments are planned for every parish and will include a concentration of houses at various points of the Highway 2000 corridor. This is intended to reduce the general demand for housing and the consequential overcrowding in some areas of the Kingston Metropolitan Area,” the document states.
According to the report, the Trust is “committed to deploying the requisite staff to serve in all areas of its operations; to equip them with the tools necessary to accomplish set goals; and to provide training that will keep them current with global trends”.
To this end, the recommendations of a job evaluation exercise, currently underway, will be implemented. Also, upgraded information systems will be implemented in the Investment and Budget Management departments as well as the legal Conveyancing and Mortgage Registry areas.
While new loan types are being effected during this financial year, the NHT will continue to review loan policies at regular intervals to ensure that these remain current with market trends.
In addition, the report disclosed that the physical infrastructure of the Trust will be further upgraded. A new multi-storey car park was completed in the first half of the current fiscal period, while branch offices/services centres and the remaining sections of the head office will be refurbished during the year.