Housing Agency of Jamaica saddled with $300-m operating deficit
Edmond Campbell, Senior Staff Reporter
The state-operated Housing Agency of Jamaica is now saddled with a $300-million operating deficit, and is struggling to attain profitability.
A crisis of leadership is also currently facing the agency.
Permanent Secretary in the Housing Ministry, Audrey Sewell, told Parliament’s Public Administration and Appropriations Committee that the current acting managing director, Rosemarie Brown, had tendered her resignation effective December 11.
Sewell said another five senior managers had also tendered their resignations.
According to the Permanent Secretary, under a new business model, a new organisational structure, is being reviewed by the Finance Ministry and there is also a proposal for leadership succession.
However, Edmund Bartlett, the Chairman of Parliament’s Public Administration and Appropriations Committee was more concerned about the plans to erase the $300-million operating deficit.
Bartlett told Dryke Smith, the senior finance manager at the HAJ to present the committee with a full statement on how the operating deficit would be dealt with.
FOR MORE STORIES WATCH