Qualifying National Housing Trust NHT contributors can now access up to $1.95 million under the improved Housing Microfinance Loan programme.
Assistant General Manager for Treasury Management, Lloy Palmer, made the disclosure while addressing the NHT’s housing webinar earlier this week.
Mrs. Palmer said the initiative aims to provide more financing options for low-income earners.
Under the programme, only a maximum of $1.1 million can be borrowed at one time, and the remainder accessed throughout the life of the loan.
Prior to the increase, NHT contributors could access up to $1.2 million under the programme, which was launched in 2017 in partnership with credit unions.
