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Gov't considering intergenerational mortgage programme

Prime Minister Andrew Holness
 
The Government of Jamaica is exploring the option of an intergenerational or sixty-year mortgage programme through the National Housing Trust (NHT).
 
Prime Minister Andrew Holness made the announcement while speaking at the NHT groundbreaking ceremony for Friendship Oaks in Goshen, St. Elizabeth on Wednesday.
 
Mr. Holness said the proposed intergenerational mortgage programme would allow older members of the population to access a mortgage and have it carried on by a family member.
 
He explained that with the policy changes to come, the government is of the view that there should be no discrimination by virtue of age in the pursuit of home ownership.
 
Mr. Holness said civil service groups will also be specially facilitated by the NHT.
 
According to the Prime Minister, he has taken note of the concerns of the groups, particularly the police during wage negotiations when the offer of easier access to housing is on the table. 
 
"I think the government of Jamaica should be examining its land bank for lands that are slated for development or could be used for development and where possible, provide on terms or sell to these public sector representative bodies for them now to go and partner with the NHT to develop those lands," he suggested. 
  
He said government is also examining more ways it can provide solutions for those who have been called to serve in the States of  Public Emergency and Zones of Special Operations.
 


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