Friday | March 16, 2001
Home Page
Lead Stories
News
Business
Sport
Commentary
Letters
Entertainment
ShowTime
Star Page

E-Financial Gleaner

Subscribe
Classifieds
Guest Book
Submit Letter
The Gleaner Co.
Advertising
Search

Go-Shopping
Question
Business Directory
Free Mail
Overseas Gleaner & Star
Kingston Live - Via Go-Jamaica's Web Cam atop the Gleaner Building, Down Town, Kingston
Discover Jamaica
Go-Chat
Go-Jamaica Screen Savers
Inns of Jamaica
Personals
Find a Jamaican
5-day Weather Forecast
Book A Vacation
Search the Web!

Provident Society holds information fair on Operation Pride


Blythe

MANDEVILLE

THE Luana Provident Society recently held an information fair to tell the approximately 400 beneficiaries of the Luana Land Development Project in St. Elizabeth about Operation Pride, and about how to buy land and construct homes under the programme.

The information fair brought together financial institutions, construction companies and technical personnel involved in planning and development, including the Bank of Nova Scotia (BNS), the St. Elizabeth Co-operative Credit Union, National Housing Trust (NHT), National Housing Development Co-operation (NHDC), FP Construction and the St. Elizabeth Parish Council.

Dalton Robinson, Regional Manager of the NHDC, said the fair was aimed at ensuring that beneficiaries had adequate information on which to base decisions about obtaining mortgages.

"At the end of the day the beneficiaries should have the required information to help them choose the financial institution offering them the best deal as well as knowledge of how to obtain approved building plans," he explained.

Minister of Water and Housing, Dr. Karl Blythe, said the information fair was "a first of its kind in the history of Operation Pride".

Mr. Blythe, reiterating the Government's commitment to ensuring shelter for all working Jamaicans, noted that "Operation Pride is intended to work with people in different geographical areas to provide them with affordable housing solutions without undue stress."

He urged the beneficiaries to take advantage of the easy payment schedule that the Ministry has made available through the NHDC.

The Minister at a meeting in February divulged that beneficiaries who paid a 20 per cent deposit and signed their documents by April 30, 2001, would pay an average cost of $350,000 per lot, those who met the requirements by May 31, 2001, would pay an average cost of $400,000 and those who paid after the first of June would pay as much as $500,000.

He told the meeting that the Ministry of Water and Housing, through the NHDC, would be offering mortgages to beneficiaries who could not otherwise obtain loans to pay for the land.

The Luana project was started in September 1995 on 160 hectares (400 acres) of government land just outside of Black River.

Back to Business











©Copyright 2000 Gleaner Company Ltd. | Disclaimer | Letters to the Editor | Suggestions