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  • Representatives from 12-member countries of the Caribbean Association of Housing Finance Institutions (CASHFI) are expected in the island to participate in the 2014 staging of the association’s regional conference from October 6-7.
  • Speaking at a JIS ‘Think Tank’ on October 3, Secretary General of CASHFI, Joseph Bailey, expressed confidence that the conference will assist regional governments to shape policies that will ensure the sustainability of the housing sector.
  • Mr. Bailey explained that traditional methods of housing acquisitions have changed and the conference will address strategies to adapt to those changes.

Representatives from 12-member countries of the Caribbean Association of Housing Finance Institutions (CASHFI) are expected in the island to participate in the 2014 staging of the association’s regional conference from October 6-7. Speaking at a JIS ‘Think Tank’ on October 3, Secretary General of CASHFI, Joseph Bailey, expressed confidence that the conference will assist regional governments to shape policies that will ensure the sustainability of the housing sector.

Mr. Bailey explained that traditional methods of housing acquisitions have changed and the conference will address strategies to adapt to those changes.

“This is the most critical conference we’ve undertaken largely because of the transformation that is taking place in the international financial sector. The main reason is that a number of countries are finding it difficult to mobilise savings to provide the financing that housing requires, therefore we are forced to look at different modalities,” he said.

He noted that in the last few years there has been contraction in Gross Domestic Product (GDP) across the region, citing the significant reduction in revenue from the bauxite industry in Jamaica, as an example.

According to Mr. Bailey, one of the expected outcomes of the conference is to develop a concept for a housing policy to set the framework for a paradigm shift. The policy, he said, should make housing affordable and reduce the housing deficit in the region. He added that it would assist the region to meet the housing needs of its population which is growing faster than the current new housing stock.

The conference will be held at the Jamaica Pegasus Hotel, in Kingston,  under the theme: ‘Transforming Regional Communities through Housing and Economic Development’.

The findings of the conference will be produced in the Inter-American Development Bank (IDB) publication: ‘New Study on Latin America & Caribbean; Housing Opportunities for the Majority’, early in 2015.

Key partners in the hosting of the conference include the National Housing Trust (NHT) and the IDB.

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