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CAPI knocks NHT for Outameni acquisition

Published:Thursday | October 30, 2014 | 10:34 AM

Lobby group, Citizens’ Action For Principle And Integrity (CAPI) is criticizing the National Housing Trust (NHT) for its acquisition of Trelawny entertainment venue, Outameni.



CAPI says the acquisition is a gross deviation from the NHT’s statutory mandate of providing low-incoming housing for its contributors.



The NHT reportedly acquired Outameni for $180 million and to spend another $100 million to upgrade the facilities.



The NHT has described the acquisition as a social investment.



However, the civil lobby group’s co-convenor Dennis Meadows argues that the only social investment that must occupy the minds of the NHT board members must be that of providing social housing for its contributors.



He says the move raises questions as to its appropriateness, given the NHT’s statutory mandate.



CAPI asserts that the move by the NHT board is another demonstration of the gross misuse of contributors’ savings, on the heels of the recent move by the government to extract $46 billion from the Trust for debt financing.



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