Tag: Housing


Jamaica — 2.3 Percent Inflation In September

According to JIS News, the Statistical Institute of Jamaica (STATIN) reports that the inflation rate for September 2021 was 2.3 percent. Director-General, Carol Coy, said that the out-turn was largely due to a 3.0 percent increase in food and non-alcoholic beverages, the heaviest weighted division in the consumer price index (CPI). “This is the largest increase recorded for this division […]


NHT Set To Rake In $20 Billion Surplus

Jamaica’s National Housing Trust (NHT) is projected to achieve a $20 billion surplus during the 2020/2021 fiscal year. The public bodies report tabled recently by Finance Minister Dr. Nigel Clarke noted a $800 million increase over the $19.2 million surplus estimated for the current financial year. The NHT’s total income for the next fiscal year is expected to be in […]


Minister Touts Jamaica’s Record Economic Activity

Minister of Finance and the Public Service, Dr. Nigel Clarke, in a recent report noted that Jamaica is experiencing an unprecedented level of economic activity with 17 consecutive quarters of growth and unemployment now at the lowest rate in the nation’s history. “We have never had unemployment this low where more people are employed today than those who are unemployed,” […]


Jamaica Set To Spend $1 Billion In Social Housing Program

Jamaica is set to spend $1 billion on a social housing program that will be implemented island-wide, according to Finance Minister Dr. Nigel Clarke. He said the program will be implemented through the Ministry of Economic Growth and Job Creation and will include the provision of indigent housing, relocation of vulnerable communities, and the upgrading of tenements. Additionally, he noted […]


Can Churches Help In Solving The Affordable Housing Crisis In Jamaica?

“And Jesus said unto him, Foxes have holes, and birds of the air have nests; but the Son of man hath not where to lay his head.” — Luke 9:58-62 King James Version (KJV) The churches in Jamaica have been heavily criticized time and again by leading commentators and pundits in the media for its apathy in treating with the […]


Jamaicans Object To PNP’s Use Of Agricultural Lands For Housing

According to a recent Press report, the government of Jamaica is seeking an investor to acquire approximately 780 acres of prime farmland in Montpelier, St. James, for housing and shopping thus creating another dormitory community in the island. In its most recent project information document, the Development Bank of Jamaica (DBJ) notes that it is seeking a suitable investor to […]