Government exploring intergenerational mortgages by NHT

Prime Minister Andrew Holness has announced that the Government is exploring the possibility of introducing an intergenerational or a 60-year mortgage programme through the National Housing Trust (NHT).

Speaking on Wednesday at the NHT Groundbreaking Ceremony for Friendship Oaks in Goshen St Elizabeth, Holness that the proposed intergenerational mortgage programme would allow for the older members of the population to access a mortgage and have it carried on by a family member.

He said the Government is exploring creative solutions to ensure that all persons in Jamaica are able to access a housing benefit from the NHT.

“We are committed to building houses, homes, and communities indeed in order to build Jamaica,” said Holness.

He stated 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 homeownership.

In the meantime, civil service groups will be specially facilitated by the NHT.

Holness said he has taken note of the concerns of civil service groups, particularly the police.

The Government is committed to implementing a programme on the housing front that ''will be very enticing and attractive," said Holness.

''A greater part of improving the quality of life of people is to ensure that they can access things like housing, health care, and education and as much as the Government can do to make accessibility easier, then the government should do it," he asserted.

Holness also said the Government is examining more ways it can provide solutions for those who have been called to serve in the States of Public Emergency and the Zones of Special Operations and other public sector workers.

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