#BudgetDebate2018: HAJ expected to make $800-m profit

Tuesday, March 20, 2018

Print this page Email A Friend!

KINGSTON, Jamaica — The Housing Agency of Jamaica (HAJ) is expected to turn a profit of $800 million this financial year, quadrupling the $183 million it recorded in the last financial year.

This is according to Prime Minister Andrew Holness, who made the disclosure during his contribution to the Budget Debate in the House of Representatives today.

“In only two years we have completed approximately 8,200 housing starts at the NHT, which is 30 per cent more than the People's National Party (PNP) did in four years,” he contended.

He disclosed that housing starts in this financial year exceed, by a factor of almost two, the number of housing starts done by the NHT in every year over the past 20 years.

“In one year alone, in the 2017/18 year, the NHT will complete 5,200 housing starts in 12 months alone – almost as much as was done during four years under the PNP,” the prime minister further added, giving a breakdown of what the opposition did in the last four years.

He said the PNP Government did:

•1,790 housing starts in 2012

•1,689 housing starts in 2013

•1,549 housing starts in 2014

•1,270 housing starts in 2015

This amounts to 6,298 housing starts over four years, he said, adding that it was less than the number of housing starts under the previous Jamaica Labour Party Administration.

Now you can read the Jamaica Observer ePaper anytime, anywhere. The Jamaica Observer ePaper is available to you at home or at work, and is the same edition as the printed copy available at http://bit.ly/epaperlive




1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper � email addresses will not be published.

2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.

3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.

4. Please do not write in block capitals since this makes your comment hard to read.

5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.

6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon