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New NHT Benefits Take Effect July 1

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MEDIA RELEASE

 

Effective Monday, July 1, 2024, the National Housing Trust (NHT) will be launching a series of policy changes and initiatives that will significantly benefit contributors looking to buy or improve their homes.

Expansion of the 10 Plus Home Improvement Loan  As more Jamaicans become homeowners, there has been an increased demand for home-improvement financing. Come Monday, all mortgagors, will be able to access their home improvement loan after only ten years, a significant reduction from the previous 15year wait time.  With a maximum loan amount of up to $3.5 million, contributors will be able to undertake more extensive renovations to their properties with a shorter wait period.

SMART Energy Home Improvement Loan

Contributors will also be able to access financing for a range of renewable energy products under the NHT’s SMART Energy Loan. Under this loan facility, homeowners may access up to $1.5 million to install energy-saving technology such as solar panels, batteries, solar-water heaters, solar insulation, as well as other renewable energy technology including windmills, hydropower, and biomass. In addition, homeowners can also use the loan to install rainwater harvesting and storage systems, including tanks and pumps. Contributors will access this loan at a standard 5% interest rate with a payback period of up to ten (10) years or by the time the homeowner reaches the age of seventy (70), whichever comes first. This initiative promotes climate change resilience through improved energy saving technologies, further enforcing NHT’s commitment to environment sustainability.

SMART Energy Grant (Public Sector Pensioners)

In addition to the Smart Energy Loan, the NHT is expanding its grant offering with the introduction of the Smart Energy Grant. The programme will target public sector pensioners, who will be able to access to up to $1.5 million to enhance their homes with energy saving technologies. The Smart Energy Grant will benefit 30 pensioners per parish each year, for the next three (3) years. Beneficiaries will be selected at random based on the following criteria:

  • At the point of retirement, the pensioner was earning less than $30,000.99 per week;
  • Must be a homeowner (this includes owners of non-NHT constructed houses)
  • Must be 60 years or older;
  • Must not have already installed these systems;

Preference will be given to pensioners living in areas with unreliable or irregular electricity supply. This grant will help them reduce their utility bills and minimise their environmental impact. The NHT will advise when it will begin accepting applications for the Smart Energy Grant.

Policy Change to Benefit Young Adults

To address the rising need for housing among young Jamaicans, the

NHT will now reserve a minimum of 10% of NHT’s housing solutions to contributors under 36 years old. With the NHT’s 100% financing (subject to affordability) for its scheme development, this new policy change opens the door for more young people to access NHT developments.

Homestarter Programme

The state-owned entity will also make homeownership a reality for more young adults with its Homestarter Programme. The programme offers one-bedroom starter apartment complexes with easy access to urban centres. An innovative feature of the programme is its optional buy-back clause, which allows contributors to sell their units back to the NHT within a 15-year time span. This will free up the new mortgagor to access a new non-homeowner’s loan benefit from the NHT for the purchase of a new home. Currently the programme includes housing developments in Vineyard Town and Howard Avenue, St. Andrew, and a planned development at Barracks Road, St James.

As the NHT strives to improve and enhance its products and services, making homeownership more accessible for its contributors, it also prioritises environment sustainability and care. For more information on these new policies visit our website www.nht.gov.jm.

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Crime

Male Succumbs to Injuries

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***MEDIA RELEASE***

 

July 05th, 2024.

The Serious Crimes Unit of the Royal Turks and Caicos Islands Police Force has launched an investigation into the tragic shooting death of a male resident in Five Cays this evening.

Preliminary reports indicate that the incident occurred shortly after 7:00 PM.

The 38-year-old victim was at his home located along Five Cays Road when a lone gunman approached and shot him.

RT&CIPF officers and emergency services were promptly dispatched to the scene, and the victim was rushed to the Cheshire Hall Medical Centre for treatment.

The victim succumbed to his injuries shortly after 8:00 PM. The identity of the deceased is being withheld pending notification of next of kin. Our thoughts and condolences go out to the family and friends of the deceased during this difficult time.

Residents of Five Cays and surrounding areas are urged to remain vigilant and report any suspicious activities or information about the incident to the RT&CIPF.

Anyone with information about the shooting is encouraged to contact the closest police station, 911, the Serious Crime Unit at 231-1842, or Crime Stoppers at 1-800-8477 to provide any information anonymously.

Additionally, individuals are encouraged to download the Crime Stoppers P3 app to share information.

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Caribbean News

NWC Working Towards Full Water Restoration Following The Passage of Hurricane Beryl

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#Kingston, Jamaica, July 5, 2024 – The National Water Commission (NWC) has mobilised teams across Jamaica to assess its supply facilities currently out of operation, consequent on the passage of Hurricane Beryl.

Acting Corporate Public Relations Manager, Delano Williams, told JIS News that a combination of factors caused by the hurricane resulted in some 70 per cent of customers being without water.

These include the flooding of roads and river sources, power supply disruption, and falling trees and debris which have blocked access roads to some facilities.

“Based on this, we’re partnering with the Office of Disaster Preparedness and Emergency Management (ODPEM), the security forces and National Works Agency as the key agencies that will help us to navigate areas that are impacted; and also, we are relying on and are in partnership with the Jamaica Public Service (JPS) for their restoration of power supply to our plants that require it,” Mr. Williams said.

He pointed out that the systems impacted by Hurricane Beryl are largely located in the southern and north-eastern sections of the island.

“St. Thomas has several systems that are out. Clarendon, Manchester and St. Elizabeth are the ones of note, but also areas in Portland and St. Mary because of the remoteness of a number of the plants that are there, and the fact that they are river sources. So, with the level of rainfall that we have [had], there is a lot of flooding, debris and turbidity that we have to resolve,” Mr. Williams said

He reminds NWC customers that the full restoration of water supply to those affected will be phased.

“Some areas will be able to come back online quickly within 24 hours. There are others which may take a little longer because of the challenges with the terrain or any delay with power supply restoration. It is also critical that we assess every single plant that is out to ensure that there is no damage that could further delay the supply of water,” Mr. Williams said.

Additionally, he reminds customers to “manage your storage levels” and “conserve where possible and share your reports quickly, as we see how best we can get your water supply back online”, while urging patience during the restoration period.

 

Contact: Jermi-Lee Nelson

Release: JIS

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Caribbean News

Ralph Gonsalves, Prime Minister of St Vincent and the Grenadines vows to ‘build back better’

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Deandrea Hamilton

Editor

 

#St.VincentandtheGrenadines, July 5, 2024 – “A field of devastation” is how Ralph Gonsalves, the Prime Minister of St. Vincent and the Grenadines describes parts of his country after its dangerous dalliance with historic hurricane Beryl on Monday July 1.  Gonsalves, filming his helicopter surveillance and on the ground inspection of the damage spoke somberly about the destruction wrought on areas like Canouan, Union Island, Mayreau and Palm Island.

“Union is a field of devastation with only the odd building that is not severely damaged or destroyed.  All of the buildings are gone,” he said in a video posted to his Facebook page.

It was reported that 95 percent of buildings were destroyed in the southern islands of the country.  One person was killed when the storm hit as a Category 4 cyclone.

“There is a sense of shock among the people, yet at the same time their determination to rebuild.  Many would like to leave and some came up to me on they want to build it back, build it back better and stronger.”

The second named storm of the Atlantic Hurricane Season rapidly intensified, becoming the earliest Category 5 hurricane on record and with it, violent winds which felled trees, ripped off roofs, smashed structures and wiped out infrastructure.

“There is a lot of trauma.  The faces of men, women and children are strained; it is an extraordinarily difficult time.  Everywhere I go, I am optimistic with people who want to build back. They are saying we are depending on you, we are relying on you.”

He estimates that the need for resources will be great.

“Building back here is going to be huge.”

The Prime Minister surmised that rebuilding will require a commitment to solidarity of “our people and our allies in the region and the international community, but I am sure we will get there.”

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