With the three month
moratorium on National Housing Trust (NHT) loan payments set to begin Saturday,
the entity says it does not expect any major dislocation to its financial
operations.
In the aftermath of Hurricane Dean, Prime Minister Portia Simpson Miller announced last week that the NHT would waive the repayment of loans until November.
NHT Managing Director, Earl Samuels, says the arrangement will not have a significant impact on the entity.
"The moratorium is just a deferral of payments for three months it does not mean that the Housing Trust is foregoing the interest earned on the amount outstanding on the period. It will affect our cash flow for the period but will not cause any undue hardship to the Trust," he said.
In the aftermath of Hurricane Dean, Prime Minister Portia Simpson Miller announced last week that the NHT would waive the repayment of loans until November.
NHT Managing Director, Earl Samuels, says the arrangement will not have a significant impact on the entity.
"The moratorium is just a deferral of payments for three months it does not mean that the Housing Trust is foregoing the interest earned on the amount outstanding on the period. It will affect our cash flow for the period but will not cause any undue hardship to the Trust," he said.
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