Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
‘Stop the $11.4 billion annual extraction’
Opposition Spokesman on Housing and Sustainable Living, Senator Professor Floyd Morris (File photo)
Latest News, News
Lynford Simpson | Observer Writer  
February 7, 2026

‘Stop the $11.4 billion annual extraction’

Return the NHT to its affordable housing mandate, urges Morris

Opposition Spokesman on Housing and Sustainable Living, Senator Professor Floyd Morris wants the Parliament to take steps to ensure that the National Housing Trust (NHT) is returned to its core mandate of building affordable housing for Jamaicans.

Morris also wants the Government to end the annual extraction of $11.4 billion from the NHT for budgetary support, and to use these funds to build affordable houses for contributors.

He made the call as he moved a motion in the Senate on Friday, where he also called for the Parliament to recognise the 50th anniversary milestone and achievements of the NHT.

Morris noted that the NHT was established by the Michael Manley Government in 1975 “within the context of a foundational principle of social justice and a recognition that shelter is a right for our citizens.”

He highlighted that the NHT has led the transformation and modernisation of Jamaica’s housing stock as can be seen in the over 300,000 houses that have been built either directly or via the build-on-own-land option.

This, he said has impacted the lives of over one million Jamaicans over the past 50 years.

Continuing, Morris said, “Whereas every time a Jamaican receives a key to a house built by the NHT or mortgage provided by the institution, the beneficiaries should be reminded that the Most Honourable Michael Manley established this transformational institution at a time when there was much resistance to its creation.

“And whereas its visionary policy has proven the naysayers wrong, as in every constituency and community across Jamaica, a housing scheme or house has been built, out of funds from the NHT.

“And whereas wattle and daub, thatch houses and bamboo houses have been eradicated across Jamaica and this is attributable to the transformational role of the NHT.

“And whereas the NHT has not just built houses, it has built communities and cities as evidenced by the fact that the sunshine city of Portmore was advanced through funding from the NHT under the San Jose Accord.”

Morris called attention to the fact in and around housing schemes built by NHT there are schools, hospitals, health centres, fire stations, police stations and sports facilities that have been constructed, thereby establishing more complete and cohesive communities.

He said the NHT has been a beacon of hope in national development as it has played a preeminent role in the construction industry, creating jobs for many thousands of Jamaicans and releasing billions of dollars into the economy on an annual basis. This money he said “filters down into communities thus generating much needed economic activity across the country.”

Shortly after being named to the Shadow Cabinet last September, Morris told the Jamaica Observer that he would be pushing to ensure that the Government brings affordable housing to the market.

“Affordable housing is going to be a continued priority for the People’s National Party. We believe that that is the mandate of the National Housing Trust. We believe that the NHT needs to focus on the building out of more affordable houses for Jamaicans,” Morris said then.

“It cannot be that what we‘re seeing coming to market are houses that are costing over $20 million and the ordinary college graduate cannot get a house that falls within his or her income band. So, we will be pressing for that and we will be making sure that we will be pressing for the [National] Housing Trust to adhere to its original mandate to provide affordable housing,” Morris said.

During his Budget presentation in March 2025, Prime Minister Dr Andrew Holness revealed that he had mandated the NHT not to construct any houses above the $14-million price point going forward.

Having earlier announced an increase in the loan limit for individual contributors from $7.5 million to $9 million effective July 1, 2025 during his Budget speech, Holness said, “Each time we increase the loan limit, we notice an increase in the price of houses; it is the most frustrating thing.”

He acknowledged that it is a matter of economics that when the loan limit is increased it affects demand as more people seek houses than there are in the market.

“So what we’ve done is to give a greater loan limit for houses that are going at what we call the affordable price point. The affordable price point for the NHT is $14 million. In fact, we have given a policy directive to the NHT that all their resources should now be directed at producing houses that are around this price point,” Holness told the House of Representatives.

Stressing that the NHT will not get involved in any new development of houses above this price point, the prime minister, who is also the minister of housing, said the houses will not always be constructed for exactly $14 million “but you have to be in that target range, because the truth is that the real housing crisis is in the low income and affordable housing market”.

Tags:

Floyd Morris National Housing Trust NHT
{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

NCB to relocate Falmouth branch to Champion Plaza
Latest News, News
NCB to relocate Falmouth branch to Champion Plaza
June 5, 2026
TRELAWNY, Jamaica — National Commercial Bank Jamaica Limited (NCB) will relocate its Falmouth branch to Champion Plaza on July 6 as the financial inst...
{"jamaica-observer":"Jamaica Observer"}
Spanish Town Hospital urology unit marks five years with 1,500 surgeries completed
Latest News, News
Spanish Town Hospital urology unit marks five years with 1,500 surgeries completed
June 5, 2026
KINGSTON, Jamaica — The urology service at Spanish Town Hospital has completed nearly 1,500 surgical procedures since its establishment five years ago...
{"jamaica-observer":"Jamaica Observer"}
Stewart’s Automotive opens US$7-million GWM showroom in Kingston
Business, Latest News
Stewart’s Automotive opens US$7-million GWM showroom in Kingston
June 5, 2026
KINGSTON, Jamaica — Stewart's Automotive Group has opened a new US$7-million showroom for Chinese vehicle brand Great Wall Motor (GWM) on South Camp R...
{"jamaica-observer":"Jamaica Observer"}
ATL Automotive onboard for Skvnk Fest 2026
Entertainment, Latest News
ATL Automotive onboard for Skvnk Fest 2026
Rory Daley 
June 5, 2026
The ATL Automotive Group will be out in full force as the title sponsor for Skvnk Fest, scheduled for this Sunday, June 7, at Cinema 2, New Kingston. ...
{"jamaica-observer":"Jamaica Observer"}
Bartlett leads launch of Caribbean Tourism Supply-Side initiative
Latest News, News
Bartlett leads launch of Caribbean Tourism Supply-Side initiative
June 5, 2026
MANHATTAN, New York — Jamaica's Minister of Tourism and Chairman of the Tourism Supply-Side Ministerial Committee, Edmund Bartlett on Thursday address...
{"jamaica-observer":"Jamaica Observer"}
Mt Pleasant to face Antiguan opposition in CFU Shield opener
Latest News, Sports
Mt Pleasant to face Antiguan opposition in CFU Shield opener
June 5, 2026
KINGSTON, Jamaica — Mount Pleasant Academy will play All Saints United of Antigua and Barbuda in the Round of 16 of the Caribbean Football Union Club ...
{"jamaica-observer":"Jamaica Observer"}
Newell welcomes travel waste ticketing proposal, urges broader waste management reforms
Latest News, News
Newell welcomes travel waste ticketing proposal, urges broader waste management reforms
June 5, 2026
KINGSTON, Jamaica — Opposition spokesman on environment and climate resilience and Member of Parliament for St Mary Central, Omar Newell, has welcomed...
{"jamaica-observer":"Jamaica Observer"}
MOBO Awards founder Kanya King has died
Entertainment, Latest News
MOBO Awards founder Kanya King has died
KEVIN JACKSON, Observer writer 
June 5, 2026
Kanya King, the London born entrepreneur who alongside Andy Ruffell founded the Music of Black Origin (MOBO) Awards in 1996, has died at the age of 57...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  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

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct