Prime Minister has High Expectations for Housing Market

Prime Minister Andrew Holness says he’s confident that measures he announced in Parliament this week will not have a negative impact on the National Housing Trust (NHT).

Mr. Holness was addressing a groundbreaking ceremony on Lady Musgrave Road in St. Andrew.

During his contribution to the budget debate on Tuesday, the Prime Minister announced a $1-million increase in the NHT loan limit. He also announced a 1-percent point decline in NHT interest rates.

Prime Minister Holness says the measures are a sign of his administration’s determination to make it increasingly easier for Jamaicans to own a home.

Prime Minister Holness says the intergenerational mortgage plan he announced this week is based on conversations he’s had with several senior citizens.

And Mr. Holness says he has high expectations for the impact which the abolition of the transfer tax will have on people who want to own their own home

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