(Source: Office of the Prime Minister of Jamaica) JAMAICA HOUSE MEDIA BRIEFING REMARKS BY INFORMATION MINISTER SENATOR SANDREA FALCONER Housing Market Stimulation & Employment Cabinet has approved the increase in the loan ceiling of the National Housing Trust (NHT) from 4.5 million to 5.5 million dollars and the lowering by one percent of the interest rate applicable for all categories of new borrowers. With the increased cost of new housing solutions and a 41% increase in housing prices over the 5 year period 2010 - 2015, the average NHT contributor requires more money to pursue their home ownership dream. In addition to improving affordability the new measures will also help to stimulate...
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