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PNP chides gov’t for NHT mortgage rate increase

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  • PNP chides gov’t for NHT mortgage rate increase

    The People's National Party (PNP) is still uncomfortable with the increases in National Housing Trust (NHT) mortgage rates.
    At the regular National Executive Council meeting in Manchester on Sunday, party leader Portia Simpson Miller lambasted the Bruce Golding administration for taking what the PNP is calling the unnecessary step of increasing mortgage rates under the pretence of insolvency.

    Speaking with the RJR News Centre after the meeting PNP Deputy General Secretary Julian Robinson also poured cold water on the government's assertions that the NHT is at risk.
    The increase in the NHT mortgage rate is just going to put an extra burden on mortgagers of the NHT and push middle income earners into a state of poverty," said Mr. Robinson.

    "When we left the NHT the financial statements showed that the NHT is still in a healthy position financially. The government has presented a picture of the NHT being almost bankrupt and having to institute these things to save it and we disagree with that assessment," he said.
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

  • #2
    What is the true story? The gov't says that the NHT is in danger, Portia say nutthin nuh guh suh. Who mi muss believe?

    Strange enough, during the PNP's post budget press conference last week, Omar said if the NHT is in trouble, the gov't should simply take steps to resolve it. DUH!!!!
    "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

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    • #3
      ~sigh!~

      Infidelity does not consist in believing, or in disbelieving; it consists in professing to believe what he does not believe. Thomas Paine

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      • #4
        what about the hidden 10 billion?

        Infidelity does not consist in believing, or in disbelieving; it consists in professing to believe what he does not believe. Thomas Paine

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        • #5
          Originally posted by Gamma View Post
          what about the hidden 10 billion?
          Well, the gov't still following the paper trail. Lets see whats at the end of it. Mi notice the man whey quick fi attack Shaw and defend Omar side step that post.
          "Jamaica's future reflects its past, having attained only one per cent annual growth over 30 years whilst neighbours have grown at five per cent." (Article)

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          • #6
            Why Julian muss bring down Good School name ??

            Ah Bwoy...

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