Holness promises housing boom
The National Housing Trust (NHT) will be building houses in the highly sought after Caymanas area of St Catherine.
Prime Minister Andrew Holness, speaking in the Budget Debate in the House of Representatives yesterday, said that the housing entity will be partnering with the Urban Development Corporation (UDC) to develop 700 solutions on land in the Caymanas area
"Based on housing demand information collected by the NHT, there is a significant effective demand for houses in the urban areas of Kingston, St Andrew and St Catherine," Holness said.
The prime minister said that housing solutions of varying designs and price points will be constructed on the property over a four-year period, at a cost of more than $5 billion, which will be funded by the NHT.
Holness said further the government will partner with several public and private sector entities to develop more than 10,000 housing solutions over the next four years.
The prime minister said that some 650 acres of land have been identified for which public-private partnerships will be pursued to develop 5,000 additional houses over the next four years.
"Large private developers, such as Gore, WIHCON, Select Homes and others have already committed to providing about 4,000 homes on our north coast, which will reduce squatting, drive construction, and provide jobs," Holness said.