Tuesday, June 5, 2012

Jamaica: Prime Minister Simpson-Miller touts massive housing plans

Jamaica Prime Minister., Portia Simpson-Miller. PHOTO/File

Jamaica Prime Minister, Portia Simpson-Miller, on Tuesday, announced a raft of measures designed to make more Jamaicans homeowners, ranging from reduced mortgage rates to free houses.

Simpson-Miller announced that the National Housing Trust of Jamaica (NHT), will be granted tax-free status for the next two years, and the agency is expected to use the tax break to help some of its most vulnerable contributors.

She noted that

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