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Improved NHT Home Grants For Low-Income Contributors

Sun, Sep 9, 2012

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The National Housing Trust (NHT) is on a mission – more money, easier access and improved home grants for low-income contributors.

You can now get better benefits from the NHT Home Grants facility. The non-repayable one-time grants are available for use in combination with NHT Homeowner’s loans to buy land or a residential property, or to build a house.

Home Grants are based on the NHT’s quarterly operational surplus. 280 Home Grants are available right now at a total value of J$336 million. These are based on the NHT’s surplus for the quarters ending December 31, 2011 and March 2012.

Now, with the new improvements from the NHT:

  • All successful applicants get the full J$1.2 million grant
  • Applications are accepted daily
  • Selections are based on a first come-first served basis (except when applications surpass the daily quota of funds)

You can qualify for an NHT Home Grant if you are an NHT contributor earning J$10,000 or less weekly and you:

  • Have contributed for at least 10 years
  • Are not already a homeowner
  • Have never received an NHT Housing benefit, other than a House Lot or Serviced Lot Loan.

Note:

  • Home Grant applicants can co-apply with other contributors who earn more than J$10,000 weekly.
  • You should apply only when you are actually ready to use the grant (i.e. you have found the property and are in negotiations to buy it)

For more information about NHT Home Grants, please call 1-888-225-5648.

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