HAJ expecting profitable end to financial year

Saturday, January 13, 2018

Print this page Email A Friend!

THE Housing Agency of Jamaica (HAJ) says it is looking forward to a positive end to the 2017/2018 fiscal year, as it increases the effort to collect funds owed on existing housing developments.

The agency said it has already seen a turnaround with profits of $183 million at the end of the 2016/17 financial year, after suffering a loss of $886 million in the 2015/2016 financial year.

HAJ Public Relations and Marketing Manager Richard Jones said much of the outstanding sums were for properties in St James, St Ann, St Mary, Westmoreland, Hanover and St Catherine.

“Our chairman has indicated that we expect to make in excess of $700 million profit this year. We are working hard on getting persons who have not paid for their lots to pay, and this will assist in our revenue flows as well,” Jones said.

He added that people who have settled with the HAJ and collected their titles have been able to use these to access loans for further education, to start a business, as well as overseas travel.

The HAJ is a land and housing development company that provides shelter solutions for Jamaicans islandwide.

It was formed in 1998 through the merger of three entities — Caribbean Housing Finance Corporation Limited, National Housing Corporation Limited, and Operation PRIDE.

The core mandate of the HAJ is to bring lower-to-middle-income housing solutions to the public as well as to regularise informal settlements across the country.




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 Some comments may be republished on the website or in the newspaper � email addresses will not be published.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:

6. If readers wish to report offensive comments, suggest a correction or share a story then please email:

7. Lastly, read our Terms and Conditions and Privacy Policy

comments powered by Disqus



Today's Cartoon

Click image to view full size editorial cartoon