The National Housing Trust has announced that the effective date for increased benefits for contributors has been moved forward by two weeks, with the changes taking effect on Monday, June 16, instead of the previous July 1 timeline.
The change was posted on the NHT's X account, and endorsed by Prime Minister Dr Andrew Holness.
During his contribution to the Budget Debate in March, Dr Holness announced several increases in benefits for contributors.
The loan limit for individual borrowers has moved up to $9 million, up from $7.5 million.
The combined maximum loan limit for two co-applicants has moved from $15million to $17 million.
For three co-applicants, the limit has been increased to $23 million, up from $21 million.
If an individual mortgagor is purchasing a unit priced at $14 million dollars or less, the NHT will lend up to $12 million, subject to affordability.