News Archive

“Stop buying avocado toast if you want to buy a home”

The most controversial statement of 2017? Maybe not. Controversial enough to infuriate millennials globally...definitely. Australian developer and 35 year-old multimillionaire Tim Gurner sent tongues wagging when he quipped that millennial homeownership goals were being thwarted due to their penchant for store bought ‘pear and bread’. Persons were not having it, why?

It discredits the effort of so many millennials making sacrifices to break into the housing market while still trying to balance everyday expenses and debt repayment.

The…

Said no child ever, but as we millennials approach the twilight zone, reality is quickly setting in. Whether we like it or not, an upgrade to Adulting 2.0 is inevitable. For some it’s marriage, for others its finally choosing the right pet, but for most it means the pursuit of homeownership.

It’s a journey often described as complex, so we sought the help of Financial Blogger Gillian Jackson, to lay this crooked path to your own set of keys straight. A Senior Business Advisor with the Jamaica National Group, @MsGillyJ as you perhaps may know her by her Twitter handle, has been serving course after course of financial and…

On Wednesday, July 1, though socially distant, a sense of accomplishment connected some 50 National Housing Trust, NHT contributors who received the keys to their new homes. These 50 new homeowners who represented a total of 200 beneficiaries, shared in a handing over ceremony at the newly developed SilverSun Estate community of St. Catherine.

In delivering his keynote address, Prime Minister, The Most Hon. Andrew Holness noted that his administration was committed to creating more opportunities for Jamaicans to experience the pride of homeownership in communities that were safe, secure and comfortable.

While…

The NHT introduced the ‘Guaranteed Purchase Programme’ in November 2018. Under this programme, developers conceptualize and execute their development plans, while the NHT absorbs the market risk by purchasing units in the development. This approach seeks to leverage the efficiencies within the private sector in order that units can be delivered at lower costs, within faster timeframes and with the private partner assuming most of the implementation risks.

The developers have sole responsibility for designing, implementing, maintaining and closing out the projects. The completed units will be made available to NHT contributors…