Subscribe for all my updates and don't miss a thing! Sign me up!

How the National Housing Trust Jamaica Can Help You

by Crystal Holness
Published September 3, 2015national housing trust jamaica

Discover How the National Housing Trust Jamaica Can Help You


Since 1976, the National Housing Trust of Jamaica or NHT has been providing Jamaican families with the funds they need to purchase affordable, quality housing. The low rates they offer compared to more traditional lending institutions allows more Jamaicans the opportunity to own their own homes.

What's more, the NHT is unique in that it is also willing to consider loan applications from those who are not Jamaican nationals, but wish to purchase property on the island. Anyone who is interested in the prospect of buying a home in Jamaica should consider contacting this respected organization to make their dream house become a reality.

What is the NHT ?


The inception of the National Housing Trust began as an amendment to the National Insurance Act in 1976. Its primary aim was to increase the amount of quality housing available to Jamaicans, and at the same time allot financial assistance to those who demonstrate the most need for it and are looking to buy or build a home or carry out necessary repairs on their current residence.

It is a statutory, public sector enterprise, that is regulated by the national government. NHT receives its funding through contributions of employed and self-employed persons living in
Jamaica, as well as businesses and those who do not live on the island but have an interest in the possibility of purchasing or constructing property there in the near future.

Who is Eligible for an NHT housing loan ?


In order to qualify for funding from the National Housing Trust, applicants must be active contributors to the organization.

Contributors are defined as those who are older than 18 but have not reached retirement age, earning at least the minimum wage, and they can be either Jamaican or non-Jamaican.

The loan application process and number of required contributions differs slightly depending on which category the applicant falls under; Jamaicans who live in Jamaica, non-Jamaicans who live in Jamaica, Jamaicans living abroad, and non-Jamaicans livings abroad.

Jamaican Applicants Living in Jamaica


People who currently reside in Jamaica and work there are required to have already made at least 52 weekly contributions in order to be eligible for a housing loan.

Furthermore, a minimum of 13 of these payments must have been made in the 26 weeks immediately preceding the date of the loan application.

Jamaican Applicants Living Abroad


Jamaicans who do not currently reside on the island, but have made contributions in the past are subject to the same policy which applies for people who presently live and work there. Those
who have not made any contributions during their period of residence in Jamaica will need to make two year's worth of contributions, 104 weekly payments or the monthly equivalent before they can qualify for a loan.

Non-Jamaican Applicants Living in Jamaica


Non-Jamaican individuals who live and work in Jamaica can apply for a loan from the NHF once they have contributed to the organization for a minimum of two years.

If approved, they have the same access to the exact same funding and benefits as Jamaican applicants.

Non-Jamaican Applicants Living Abroad


Non-Jamaicans who don't at present live and work in Jamaica may also qualify for a housing loan if they make contributions for at least two years, the same as for non-Jamaicans who do reside on
the island. Payments can be either made directly to the NHT or through a liaison person living in Jamaica who can do so on the behalf of the applicant.

Get more answers to your NHT questions here.

To learn more about the National Housing Trust Jamaica, visit their website at: http://www.nht.gov.jm/

Editor's Note Have Something To Say As Well? My other website readers would love to hear from you. Please click here to share your your thoughts.


P.S Read other editorials here.

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to article_submission.

Back To The Top Of This Page

New! Get My Latest Book๐Ÿ‘‡๐Ÿฟ

JAMAICA_ON_A_BUDGET_EBOOK_COVER_LEAN

You asked, I've answered! You no longer need to save for months or years, to enjoy paradise!

JAMAICA On A Budget is your passport to experiencing what I call 'The Real Jamaica' on a budget!

I spilled the beans! sharing my top tips on finding cozy accommodations and secret gems, only the way a native could! Click Here to pick it up on my e-store and start saving now!

See The Best Of Jamaica - In Videos!

my_island_jamaica_channel_tv

My channel reaches over 140,000 subscribers worldwide and has leveraged over 11 million views, sharing, what I call 'The Real Jamaica'. Subscribe today and join our family of viewers.

Jamaica_subscribe_button

Read More ...

New! Experience The REAL Jamaica!
Book Your Private Tour here and experience Jamaica the way we (locals) do!


P.S. Didn't find what you were looking for? 
Still need help?

Click Here to try our dependable and effective Site Search tool. It works!

Or, simply click here and here, to browse my library of over 500 questions and answers! Chances are someone already asked (and got an answer to) your question.


copyscape
Back To The Top Of This Page

Like My Site? Please Click Here To Share It With Your Friends

Home   |   JOIN US   |   Site Search   |   Have Your Say   |   Archives   |   Old Archives   |   Contact   |   Disclaimer   |   TIP ME!   |   Link To Us


Do like I did! Share your passion
(about your city, hobby or experience) and make a living from it. Click Here to see how
.

By Wellesley Gayle   |   Copyright ยฉ 2007-2024 My-Island-Jamaica.com   |   All rights Reserved.   |   Privacy Policy