Over $ 25bn for NHT housing projects | RJR News

Over $ 25bn for NHT housing projects | RJR News: "The National Housing Trust (NHT) plans to spend some $25.5 billion on housing activities in the 2012/2013 financial year, which should result in the completion of 2,819 units.

in addition, the Trust plans to sell 1,412 units, valued at just over $3.4 billion.

The NHT will also commence construction and preparation of 2,247 units during the period.

The Trust will also focus on other key performance areas, including contributions collection and mortgage repayments.

Projections are for contribution inflows of $20.268 billion and mortgage reflows of $14.268 billion, representing increases of 3 and 6 per cent, respectively, on the estimates for 2011/12.

The increase in mortgage repayments is due to new mortgage creation as well as planned strategies by the Loans Management Department of the Trust to collect arrears, projected at just over $1.5 billion for 2012/13."

'via Blog this'