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JAMAICA | NHT breaks ground for 63 Units at Industry Cove, Hanover

Featured  Prime Minister Andrew Holness (second left), Member of Parliament for Hanover Western Ian Hayles (left), NHT Chairman Lennox Channer (second right) and NHT Managing Director Martin Miller (right), participate in the groundbreaking exercise. Prime Minister Andrew Holness (second left), Member of Parliament for Hanover Western Ian Hayles (left), NHT Chairman Lennox Channer (second right) and NHT Managing Director Martin Miller (right), participate in the groundbreaking exercise.
LUCEA, Hanover, August 21, 2018 - Sixty-three new housing solutions have been added to the housing delivery schedule for Hanover. This as the National Housing Trust, NHT, recently broke ground for its Industry Cove Manor Development.

Prime Minister Andrew Holness led local representatives and the NHT leadership in the groundbreaking for the 23 detached two bedroom and 40 two bedroom townhouse units. The development is a $984-million-dollar investment by the NHT.

NHT groundbreaking
NHT Managing Director, Martin Miller explains features of the Industry Cove Manor development to Prime Minister Andrew Holness and NHT Chairman Lennox Channer.

Prime Minister Andrew Holness in bringing the keynote address, said he expects the NHT’s efforts in housing in the parish, will contribute to the overall plans to strengthen the tourism product in Hanover. He said the NHT’s plans for 23,000 housing solutions by 2021, will go a far way in ensuring that persons are able to find affordable housing in areas being developed for tourism.

“I have given them a mandate to ‘build house’, and there has never been a time in the history of Jamaica, when we are going to build so many house” he said.

The Prime Minister added that, “we are already working on plans to ensure that we have orderly development of the tourism product that will provide the employment and the income for the average Hanoverian.”

The Prime Minister encouraged residents and other interests to take steps to create a visitor-friendly environment. He stressed that individuals are coming to Jamaica not just to enjoy its natural features but also to interact with its citizens.

Meanwhile, the Prime Minister used the occasion of the groundbreaking to introduce the new NHT Chairman, Lennox Channer. Mr. Channer, up until his appointment to the role of Chairman, served as a director of the NHT board and Chairman of its audit sub-committee.

The newly appointed Chairman in his remarks, thanked the Prime Minister for the opportunity to serve the NHT and its contributors. “For me, serving as NHT Chairman, more than anything else, represents an opportunity to contribute to my country in an area that truly has the potential to transform people’s lives and ultimately national development.

Housing is a key component of economic and social development. It is also a feature of personal development as most individuals, aspire to having that space they can call not just home, but mine,” he stated. Mr. Channer said this year the NHT intends to start construction on 22 housing projects representing over 5,000 housing starts.

NHT Managing Director, Martin Miller in his remarks, encouraged NHT contributors in Hanover to take advantage of the opportunity to own a home through the Industry Cove Manor Development. “If you are NHT contributors and you don’t already own a house, this scheme is an opportunity for you to do so. Let me also use the opportunity to remind you that, the NHT will be providing 100% financing for this development,” Mr. Miller said.

The NHT Managing Director also reminded the gathering that while the NHT is perhaps well known for its schemes, individuals can access any of the NHT’s other housing products at any time such as its Build on Own Land Loan for individuals who own land or who have legal permission to build on the land. Persons may also use their NHT benefit to purchase homes on the open market.

The NHT expects to complete construction of Industry Cove Manor, in November 2019. The 63 units, along with 1,003 units being developed by Selective Homes (through funding by the NHT under the Interim Finance Program), brings to 1,066, the total number of housing solutions expected for the parish over the next two years.

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  • Countries: Jamaica

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