The ground breaking ceremony for the NHTís Longville Park Housing Scheme Phase III, Clarendon took place on Thursday, June 17. The NHTís Best Schemes Competition was also launched at Longville Park, on the same day. On July 1, government employees who are NHT mortgagors will be granted a special 1 per cent reduction in the interest charged on their loans and as at March 31, 2010, some 130,000 contributors received $2.7 billion in refunds payments for the refunds period up to 2002.
Ground broken for $4 billion housing project in Longville
Minister of Water and Housing, Dr. Horace Chang officially broke ground for the development of a $4 billion housing project in Longville Park, Clarendon on June 17. Under the project, The National Housing Trust (NHT) will develop 834 housing solutions over a 16-month period at Phase III of Longville Park, Clarendon. The groundbreaking comes just three months after the official contract signing between the NHT and the contractors, M & M Limited, which took place in March of this year.
Longville Park Phase III will comprise 234 serviced lots, 100 studio units, 180 one-bedroom units and 320 two-bedroom units. The serviced lots are estimated to be sold for $1.3 million, the studios for $3.6 million, the one-bedroom for $4.85 million and the two-bedroom at $6.45 million. When completed the Longville Park Housing Development Phase III will make Longville Park one of the largest NHT schemes in rural Jamaica.
Public Sector workers to benefit from 2 per cent reduced interest come July 1
Effective July 1, government employees who are NHT mortgagors will be granted a special 1% reduction in the interest charged on their loans for the next three years. This is in addition to the 1% interest rate reduction being offered to all NHT mortgagors.
The Trust will automatically adjust the interest rate on the loan accounts of all government employees currently paying their mortgage via salary deduction. However, mortgagors not currently paying via salary deduction should visit the nearest NHT office by June 25, to register for the special 1% interest rate reduction. When visiting the Trust, mortgagors must take the following documents:
- last two pay slips or a letter verifying employment with a government ministry, agency or institution, and
- valid identification (passport, voterís identification or driverís licence)
NHT Best Schemes competition launched
The 17th staging of the NHT Best Schemes competition was launched on Thursday June 17 in Longville Park, Clarendon. The competition will see over 100 NHT Schemes competing in areas of culture, health, education, environmental awareness and governance as they vie for approximately $3 million in cash prizes.