National Housing Trust

Last updated

National Housing Trust
Formation1 January 1976 (1976-01-01)
Type National trust
Region
Jamaica
Revenue$43.061 billion JMD (FY 2024 [1] )
Expenses$12.946 billion JMD (FY 2024 [1] )
Website https://www.nht.gov.jm/

The National Housing Trust (NHT) is managed by the Government of Jamaica. The trust finances and constructs housing in Jamaica. [2]

Contents

Function

The NHT finances and constructs housing in Jamaica. [2] It was proposed as a financial institution. [2] The trust is the largest source of mortgages in the nation. [2] The trust invests in several companies. [3] [4] From 2018 to 2022, the NHT completed around 2,100 houses per year. [1]

History

The NHT was founded in 1976 with the National Housing Trust Act. [5] [6] It was proposed in October 1975 by Michael Manley, Prime Minister of Jamaica. [2]

In the aftermath of Hurricane Melissa in 2025, the trust purchased 5,000  container homes to aid with rapid recovery. [7] A six-month-long moratorium on mortgages was also issued for 20,000 properties. [8]

See also

References

  1. 1 2 3 Hanna, Lisa (7 April 2024). "NHT building cash, not housing". Jamaica Observer. Retrieved 24 November 2025.
  2. 1 2 3 4 5 Salmon, David R. (23 January 2025). "Does the NHT still serve a purpose?". Jamaica Gleaner . Retrieved 21 November 2025.
  3. ↑ Campbell, Edmund (22 April 2015). "National Housing Trust's $2 billion of investments in limbo". Jamaica Gleaner . Retrieved 21 November 2025.
  4. ↑ Mendez, Lorraine (24 January 2023). "NHT Assures Its Investment At SSL Is Safe". Radio Jamaica . Retrieved 21 November 2025.
  5. ↑ Burgess, Christopher (31 March 2025). "Can the NHT and private banks fix Jamaica's housing crisis?". Jamaica Gleaner . Retrieved 21 November 2025.
  6. ↑ "The National Housing Trust Act" (PDF). National Housing Trust. 1 January 1979. Retrieved 21 November 2025.
  7. ↑ Davis, Jovani (20 November 2025). "Hurricane Melissa damages 156,000 homes, with 24,000 total losses in Jamaica". CNW Network. Retrieved 21 November 2025.
  8. ↑ "Six-month moratorium on NHT mortgages". Jamaica Observer . Kingston, Jamaica. 5 November 2025. Retrieved 21 November 2025.
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