The interest rate discounts for the disabled will also be extended to include the parents of disabled children, effective April 1, 2020. Meanwhile, the interest rate discounts currently offered to special groups, such as mortgagors, aged 55 years and over, the disabled, as well as public sector workers, will continue. We stand ready to assist,вЂќ the Prime Minister said. вЂњAll mortgagors, who may have difficulties during this period but whose mortgages are not at the delinquency stage, are being encouraged to make contact with the NHT. In addition, mortgagors may also take advantage of the Intergenerational Loan Facility in their rescheduling arrangements. Holness said mortgagors are, therefore, encouraged to take advantage of this opportunity, which will be extended for six months, effective April 1, 2020.ДЄlso during this period, the NHT will consider each mortgage, on a case-by-case basis, with the option to extend the tenure of the loan, reduce the interest rate, or some combination. However, this option will only be made available, where the Trust has not already entered into a commitment to dispose of the property,вЂќ he added. вЂњEffective immediately, the NHT will provide an option to reschedule these delinquent loans. Based on the NHTвЂ™s loan management procedures, recovery activities, including public auction, were implemented,вЂќ the Prime Minister said.

вЂњIn February 2020, 11,350 mortgage accounts, valued at $18.3 billion, were in arrears for 90 days and over. These measures are to safeguard persons from losing their homes, while improving their disposable income.ДЄs a result, effective immediately, mortgagors who are laid off can apply for a moratorium on all loan payments of three months in the first instance. In addition, the NHT has put in place special relief for mortgagors, who may lose their jobs as a result of COVID-19.

Prime Minister, Andrew Holness, made the announcement during his contribution to the 2020/21 Budget Debate in the House of Representatives, yesterday. This will benefit some 8,000 new mortgagors annually, and some 100,000 existing mortgagors. вЂњProfiles of Cabinet Ministers.KINGSTON, Jamaica MaAs part of the governmentвЂ™s stimulus package to minimise the effects of COVID-19 on the economy, the National Housing Trust (NHT) has reduced interest rates on all new loans by one percent, and on all existing loans by 0.5 percent, effective April 1, 2020. Holness enjoys a game of chess, jogging, cycling and a round of table tennis. Andrew Holness, a Seventh Day Adventist by faith, is married to Juliet, a chartered accountant and businesswoman and they have two boys, Adam and Matthew.

Holness in his 15 th year of representational politics was sworn in by affirmation on Sunday Octoas JamaicaвЂ™s ninth Prime Minister. Holness became JamaicaвЂ™s youngest Prime Minister and the first born after the nationвЂ™s independence in 1962. He has also served as Leader of Government Business in the House of Representatives and, by extension, the man responsible for electoral matters in that chamber since 2008.В Following endorsements from outgoing Prime Minister, Bruce Golding, and government Members of Parliament, he succeeded Bruce Golding as both Leader of the Jamaica Labour Party and Prime Minister. He was sworn in as the Minister of Education after the JLP won the September 2007 general election. In 2002 he switched portfolio to Housing and in 2005 Holness was asked by the new leader of the JLP, Bruce Golding, to take on the topical issue of education. Andrew as Member of Parliament.вЂќ He served as Opposition Spokesperson on Land and Development from 1999 to 2002. In his capacity as personal assistant, he was assigned the responsibility of developing poverty reduction and social investment policies for the Jamaica Labor Party (JLP).ДЄccording to Jared Mcallister, вЂњin 1997 at the age of 25 he was first elected to the House of Representatives to represent his home district of West Central St. In 1996 he joined the Premium Group of Companies and functioned as a special assistant to then Leader of the Opposition, the Most Hon.

Holness worked as the Executive Director of one of JamaicaвЂ™s oldest non-government organizations (NGOs), the Voluntary Organization for Uplifting Children (VOUCH) and in that capacity, led extensive social work in several inner city communities of Kingston. In 1994, prior to entering representational politics, Mr. He is also a graduate of the University of the West Indies where he earned a Bachelor of Science Degree in Management Studies and a Master of Science Degree in Development Studies. Catherine High School where he was both head boy and valedictorian. Andrew Michael Holness was born to working class parents in the southern city of Spanish Town, on July 22nd, 1972.

Jamaica prime minister andrew holness