Prime Minister Bruce Golding announced a number of new and improved benefits for National Housing Trust (NHT) contributors during his contribution to the 2010/2011 Budget debate. The new benefits become effective on May 1 and July 1, 2010, and include lower interest rates, increases in the loan ceiling and special interest rates for public-sector employees. Chairman of the NHT Howard Mitchell is confident that although the NHT is giving up $840 million in annual revenue to finance the changes, the financial integrity of the trust will not be affected.

Read more at http://www.propertiesjamaica.com/2010/04/new-benefits-for-national-housing-trust-mortgagors/