1,505 New Housing Solutions to Be Developed in The Corporate Area

• A total of 1,505 new housing solutions are slated for development in the Corporate Area over the next three years.
• This was announced by Prime Minister, the Most Hon. Andrew Holness, during a handover ceremony for units under phase 1A of the Majesty Gardens housing development in St. Andrew, on August 24.
• Other areas identified for developments are Fore Shore Estate with 230 units; Maxfield Park – 210; and Howard Avenue Apartments, 280 units. These are to be completed in 2023.
• The National Housing Trust (NHT) will partner in this ambitious drive to provide affordable solutions for all Jamaicans. Mr Holness emphasized that communities must be diverse and healthy, both in how people live in them and in the environment.
• However, given the increased cost of borrowing as a result of high-interest rates, it poses a risk of potential delays in some of the planned developments.

(Source: JIS News)