Tue | Oct 23, 2018

Holness-appointed commission recommends HAJ and NHT merger

Published:Wednesday | November 8, 2017 | 9:41 AM
National Housing Trust in Kingston.

A Special Commission reviewing the operations of the National Housing Trust (NHT) has proposed the merger of the entity with the Housing Agency of Jamaica (HAJ).

This is among several recommendations coming out of the Commission’s report on the strategic review of the NHT.

The report was handed over to Prime Minister, Andrew Holness, by Commission members during a meeting at his offices in Kingston, yesterday.

Holness, who appointed the Commission in July last year, said the report fits the mandate of the Government to improve the NHT’s capacity to provide affordable housing solutions for Jamaicans.

Holness said he is also pleased that recommendations were made regarding strengthening of the governance structure of the entity, as well as using the NHT to address the issue of informal settlements by increasing the pace at which housing solutions are provided.

Another recommendation put forward by the Commission is the privatisation of the Jamaica Mortgage Bank so the entity can access private capital to carry out its functions.

The Prime Minister has assured that the Government will not implement the recommendations without further consultation.