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National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionMission & VisionVision 2021The NHT will be ranked amongthe leading housing financeinstitutions in the world,renowned for customer serviceand contribution to nationaldevelopment.MissionImproving the quality of life of Jamaicansby facilitating home ownership andcommunity development, particularlyamong lower income contributors, whileensuring prudent financial management.1
2National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionCore ValuesInnovationTo constantly challengeourselves to identify newapproaches to meet theneeds of our customers,stakeholders and theorganization.ExcellenceProfessionalismTo apply exceptionalknowledge, understandingand creative thinking in ouranalyses, processes anddecision making.To adhere to a set ofprinciples comprising bothformally agreed upon codesof conduct and informalexpectations of colleagues,customers andsociety.AccountabilityTo meet ourcommitments andaccept responsibilityfor our actions anddecisions.CaringIntegrityTo treat all personsfairly and withrespect.To employ the highestethical standards,demonstratinghonesty, sincerity andfairness in every actionor decision.TeamworkTo work collaboratively toachieve the organisation’sgoals, using individual skills,providing feedback andtreating each colleaguewith respect.
National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionContentsTable of ContentsMisson & Vision1Core Values2Letter to the Prime Minister47 Year Statistical Summary5Board of Directors6Senior Executive Management Team10Chairman and Managing Director’s Report12Corporate Governance19Pictorial23Directors’ Report26Independent Auditors’ Report28Audited Financials31Directors’ Compensation149Senior Executive Compensation150Administration1513
4National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionLetter to the Prime MinisterJuly 30, 2021The Most Hon. Andrew Holness, ON, PC, MPPrime MinisterJamaica HouseHope RoadKingston 6Dear Prime Minister,In accordance with Paragraph 6 of the First Schedule, referred to in Section 3 of theNational Housing Trust Act 1979, I have the pleasure to present the NHT report for theyear ended March 31, 2021, and a copy of its Statement of Accounts at March 31, 2021,duly certified by the Auditors.Yours respectfully,Lennox ChannerChairman
National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our Mission57 Year Statistical SummaryYear Ended March 31, 20212021202020192018201720162015Total ,5018,303,657Loans 52,812206,056,713192,964,602180,909,435Refundable 754121,669,927Total Operating 3,803,37927,127,14226,954,190Operating 6,526,5985,638,6834,968,250Net Profit/(loss) After 24,173,07018,119,33018,668,454Average Interest on Loans*3.6%4.4%4.8%4.8%4.9%5.1%4.9%Yield on Investments %4.5%7.1%5.6%6.4%6.6%7.1%7.5%Accumulated Profit** ’000 ’000 ’000 ’000 ’000 ’000 ’000Results From OperationsFinancial Ratios200.3%105.4%87.3%68.7%69.6%61.5%61.5%Return on Capital**Efficiency Ratio %4.1%11.3%14.6%13.2%16.5%13.7%14.4%Return on Assets**2.3%6.4%8.5%7.9%9.8%8.2%8.7%Annual Housing 622,392,70617,899,90020,001,448Contributions 5,9225,514,1155,268,2975,090,8985,339,328Number of Mortgages 80,646174,768Number of Individual BenefitsSince 6186,248Other InformationContributions Refunded (Cash)*Comprises all loan types: Mortgage, Institutional, Interim Financed etc.** Restated for 2019 and 2020*** Restated for 2020
6National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionBoard of DirectorsMr. Lennox Channer (Chairman)Mr. Lennox Channer (Jr.) is the Group VicePresident of Accounting & Administration atJamaica Broilers Group Limited. He has alsoserved in senior management positions atNCB, Digicel and Caribbean Bottlers (Jamaica)Limited. He is a Fellow of both the Associationof Chartered Certified Accountants and theInstitute of Chartered Accountants of Jamaica.A Munro College old boy, Mr. Channer was a2002 Fulbright Scholar. He holds a BSC. in Actuarial Sciences from the UWI and an MSC. inDecision and Information Sciences from theUniversity of Florida.Mr. Martin Miller(Managing Director)Martin Miller was appointed Managing Directorof the National Housing Trust in early 2017 afteracting in the position since August 2013. Beforehis appointment he served the Trust as SeniorGeneral Manager, Finance. He has been with theTrust since 1984 and has progressed throughvarious positions including that of AssistantGeneral Manager, Treasury Management;General Manager, Finance and Accounting; aswell as Chief Financial Officer.In addition to his present role of Managing Director, Mr. Miller is one of the NHT’s representatives on the Board of Harmonization Limited.A Certified Accountant by profession, Mr. Millerholds an MBA from the University of Manchesterand Wales.
National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionMr. Doran Evan Dixon, J.P.Senator Kavan Gayle, C.D.Mr. O’Neil Wilton GrantDoran Dixon served as a lecturerat the Mico University College andhas over 32 years of experience inteaching. This two-time Presidentof the Jamaica Teachers Association (JTA) also served as Regional Officer for the South CentralRegion of the JTA (Manchester,Clarendon & St. Elizabeth) andcurrently serves as Assistant Secretary General for Property & Business Services at the JTA. Mr. Dixonserved as a member of the TeacherServices Commission and is currently a member of the NationalCouncil on Education.Senator Kavan Gayle serves as an Executive of the Bustamante IndustrialTrade Union (BITU) and was electedas President of the Union in 2007.A member of a Global Trade Unioncalled Union Network Internationalof the Americas, he was appointed tothe Senate in 2012.O’Neil Grant currently serves as President of the Jamaica Civil ServiceAssociation (JCSA). Additionally, he isthe Director of the Jamaica CooperativeCredit Union League, 1st Vice Chairmanof the First Heritage Cooperative (FHC)Credit Union, Chairman of the FHCFoundation and Director of the FHCInvestments Limited.He is a certified Mediator and a sitting member of the Lay MagistrateAssociation of Jamaica and sitsas a Judge in the Lay MagistratesCourts of Kingston & St. Andrew.Mr. Dixon chairs the CustomerRelations Committee of the NHT’sBoard.Senator Gayle is also a member of theBoards of the HEART Trust NTA; theOverseas Examination Commissionand the National Insurance Fund.Senator Gayle chairs the Human Resource Management and InformationTechnology Committees of the NHT’sBoard.In the past Mr. Grant has served as Honorary Treasurer of the JCSA; a Directorat the Ministry of Agriculture; a SeniorDirector of Finance of the Rural Agricultural Development Authority; a VicePresident of the Caribbean Public Services Association and the GSB Cooperative Credit Union between 2010-2012.Mr. Grant is the Chairman of the Properties and Technical Committee of theNHT’s Board.7
8National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionBoard of Directors (continued)Mrs. Nesta-Claire HunterMr. Granville Valentine, C.D., JPNesta-Claire Hunter was called to thebar in October 1993 and has servedas an Attorney-at-Law for the past 28years. She is currently a Partner in thelaw firm Ernest A. Smith and Company.Granville Valentine is a Trade Unionist and Industrial Relations Consultant who has seen meteoric growth in the labour movement. He currentlyserves as the General Secretary for the NationalWorkers Union and has worked with the union forthe past 20 years.Mrs. Hunter specializes in Litigationcivil and family matters at the SupremeCourt and Court of Appeal as well asLegal Conveyancing. She is a BoardDirector of the National InsuranceFund and serves as a Director ofVaz Preparatory. She also serves asChairman of the Board of the MarcusGarvey Technical High School.Mrs. Hunter is Chairman of the Board ofTrustees of the NHT’s Pension Plan.Mr. Valentine is a Vice President of the JamaicaConfederation of Trade Unions; a commissioner of the Ministry of Labour and Social Security’sOverseas Programmes; a member of the Ministryof Finance’s Public Sector Monitoring Committee;a member of the Labour Advisory Commission; aJustice of the Peace; and a former director of theBoard of the National Insurance Fund.Mr. Valentine is also the recipient of the CentennialAward for his noteworthy contribution to Labour &Industrial Relations by the Government of Jamaicaand the International Labour Organization.
National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionAs at March 22, 2021,the Board welcomed three new members:Ms. Merle DonaldsonMr. Rohan JamesMs. Hope WintMs. Merle Donaldson holds an MBAin International Business and BSc.in Chemistry and Management fromthe University of the West Indies anda Postgraduate Diploma in Education and Training from the VocationalTraining and Development Institute.She has also completed a Certificate in Board Directorship throughthe Commonwealth Association forCorporate Governance/Private Sector Organisation of Jamaica TrainingProgramme.Mr. Rohan James is a Police Corporalwith over twenty-five years illustriousservice. He is an advocate of professional policing and police welfare. Heis strident and fearless in pursuit ofhuman rights. A team player and family man, he is a Christian with soundvalues and principles.Ms. Hope Wint is a Risk Managementprofessional with over 26 years’ experience in the financial servicessector and is the Executive Directorof the Prime Contact Secretariat atthe Bank of Jamaica. She is a certified ISO31000 Lead Risk Manager; adesignated Certified Financial Analyst (CFA); a Financial Risk Manager(FRM); and a member of the Association of Certified Anti-Money Laundering Specialists (ACAMS).Ms. Donaldson has over twenty yearsof experience in both the public andprivate sectors.He has training in industrial relationsand is a trained paralegal.She is also a Jamaica Stock Exchange(JSE) Mentor for the Junior Marketwhere she advises on the adequacyof procedures, systems and controlsfor the financial reporting, corporategovernance, timely disclosures ofinformation to the market, and general compliance to listed companyrequirements.9
10National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionSenior Executive Management TeamMr. Martin MillerManaging DirectorMr. Donald MooreSenior General Manager,Construction & DevelopmentDr. Lanie-Marie Oakley-WilliamsSenior General Manager,Customer RelationsMr. Dwight EbanksSenior General Manager,FinanceMr. Neil MillerSenior General Manager,Corporate ServicesMr. Gladstone JohnsonGeneral Manager,Contribution Management
National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionDr. Suzanne WynterGeneral Manager,Loan ManagementMrs. Judith Larmond-HenryGeneral Counsel &Company SecretaryMr. Leighton PalmerChief Information OfficerMrs. Joyce Simms-WilsonGeneral Manager,Marketing & CommunicationMrs. Lisa Myrie DavisChief Internal AuditorMr. Errol HolmesGeneral Manager,Business Process Optimisation11
12National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionChairman & Managing Director’s ReportFELLOW CONTRIBUTORS,This 2020-2021 financial year has been one likeno other. We all have had to find new ways to live,work, and build. Despite changing and uncertaintimes, the National Housing Trust (NHT) remainsresolute in its mission to build andexpand communities acrossJamaica by continuing toprovide affordable and qualityhousing solutions.Mr. Lennox Channer(Chairman)Mr. Martin Miller – Managing DirectorSince its inception 45 years ago, the National HousingTrust has completed approximately 110,000 housingsolutions for its contributors. The challenges of the yearINTEREST RATESINCOME BAND(WEEKLY)PersonswithDisabilities(Parents ofChildrenwithDisabilitiesNewMortgagors55 years &olderPublicSectorWorkersRegularMinimum wage 15,000.990%0%0%0% 15,001 30,000.990%0%0%0% 30,001 42,000.990%0%1%2% 42,001 & over2%2%3%4%just ended did not prevent the organisation from addingsubstantially to the existing stock of housing. In fact,despite an extremely testing year, we are pleased toannounce that we have achieved and surpassed the goal,set five years ago, of starting 23,000 housing solutions bythe end of the 2020/2021 financial year. The NHT has had23,015 housing starts since the 2016/2017 financial year,when the organisation embarked on this voyage.The COVID-19 pandemic has significantly disruptedconstruction activities, made it difficult for manyhouseholds to pay for housing, and has generallythrown the lives of many of our mortgagors andPublic sector workers continued to enjoy a 1% reductioncontributors into disarray. It was with these challengesin their applicable interest rate, while the rates forin mind, that the Trust swiftly responded with an array ofexisting mortgagors were reduced by 0.5%.measures aimed at providing relief to mortgagors andcontributors, and ultimately, to improve affordabilityand increase access to housing. Consequently, theNHT undertook the following initiatives in 2020/21:Reduced interest ratesExtended Housing Benefits to Contributorsover 65 yearsThe NHT recognizes that increasingly, persons are livingand working beyond the age of 65 years. Currently,individuals over the age of 65 years are not required toThe NHT reduced interest rates for new mortgagorscontribute to the Trust and are not allowed to accessby 1% in April 1, 2020. This measure assisted morehousing benefits. The NHT Act, however, makes provisionJamaicans in becoming homeowners with comfortablefor individuals who would not, ordinarily, be liable to payloan repayment arrangements, especially given thecontributions, to do so voluntarily and thereby qualifyeffects of the pandemic.for benefits. Contributors aged 65 years and over, will be
National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our Missiondesignated as Voluntary Contributors and therefore, beable to access housing benefits with tenures extendingup to age 70. Thus, from April 1, 2020, contributors up toage 70 years have been able to access housing benefitsfrom the Trust, subject to conditions.13PERFORMANCE REVIEWFINANCIAL MANAGEMENTTotal AssetsSimilar to the previous financial year, the NHTrecorded 3% growth in total assets during 2020/2021.SPECIAL COVID-19 RELIEF MEASURESA significant decline was observed in investmentsecurities as the NHT converted them to housing, inSpecial COVID-19 MoratoriumFrom April to September 2020 there was a temporarysuspension of monthly mortgage payments. Themoratorium was initially for a period of three (3) monthskeeping with its thrust to start 23,000 solutions by theend of March 2021. The Trust ended the financial yearwith total assets valued at 310.5B.for mortgagors with reduced income or no income dueLoan receivables totalled 238.5B and accountedto the pandemic.for 77% of total assets. This represents a 4% declinecompared to the prior year’s balance. ReceivablesSuspension of Late Feesand prepayments amounted to approximately 11.0B,Mortgagors who were unable to make payments ona notable increase of 79.2% over 2019/2020. Thetime also received a reprieve for the period April tobalance recoverable from the sale of a portion of theSeptember 2020, with the suspension of the automaticJoint Finance Mortgage (JFM) portfolio and Projectbilling of late fees.Mobilization receivable accounted for the largestshares of receivables and prepayments with 43.2% andLoan Rescheduling , iefformortgagors who were experiencing challenges in2%making their mortgage payments and would have been3%further negatively impacted financially as a result of the1%pandemic. The special one-off arrangement allowed11%mortgagors to reschedule loans in arrears of 90 days ormore as at February 29, 2020. This facility was extendedto persons who submitted an application between6%April and September 2020. On a case-by-case basis,mortgagors were given the option to extend the tenureof the loan, reduce the interest rate, or a combinationof both. These allowances improved their ability to77%service their loans. Approximately 2,000 applicationshave been processed under the programme, whichexpired September 30, 2020.Loans ReceivableInventoriesInvestmentsReceivables & Tax RecoverableOtherCash & Cash EquivalentsAsset Composition
14National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionChairman & Managing Director’s Report(continued)As the Trust shifted its strategy from investing in thedividends from equity investments, gains on projectsfinancial markets to investing in housing, investmentandsecurities declined 47.3%. However, short term depositsincome, debt management fees), and peril and life& resale agreements as well as cash and cash equivalentsinsurance administrative fees.increased almost threefold, registering 273% and 296%miscellaneousincome(comprisingpenaltygrowth, respectively. Conversely, the increased presenceExpenditure for the year amounted to 22.6B upof NHT in the housing market led to a 34.9% growth infrom 16.2B in 2019/2020. A loss on partial disposalinventories amounting to 34.4B. The value of housingof the Joint Finance Mortgage portfolio amounting tounder construction grew by 37.7%, moving from 18.1B to 12.4B accounted for the largest share of this year’s 24.9B. The value of housing units completed but not yetexpenditure with 55%. This was followed by operatingsold, more than doubled, registering 2.8B compared toexpenses, which amounted to 10.7B, a 13.7% increase 1.3B last year.over the previous year. Employee costs accounted forEmployee benefit asset grew by 425% in 2020/2021 withroughly 79% of operating expenses.a value of 2.2B, up from 412M last year. This sizableFor the year under review, employee costs moved fromincrease represents a significant recovery as it followed 7.0B in 2019/2020 to 8.5B, a 21.3% increase. Thea 66.1% decline at the end of 2019/2020. The increase isdue to a change in the financial assumptions used in thevaluation for 2021.Income and ExpenditureThe Trust recorded a surplus after tax of 6.9B in theyear under review, a significant decline (62.9%) frommain area of increase was employee benefits whichincreased by 1.0B over the total for 2019/2020. Themajority of this increase was due to a movement inthe health expenses as a result of the valuation of thepost retirement medical scheme for staff due to theFebruary 2019 amendment in the plan.the 18.6B in 2019/2020. Total income decreased toThe Trust saw a 3.4B decrease in allowance for 29.1B from 34.8B in 2019/2020. Non-refundableexpected credit losses this year. This followed aemployers’ contributions, which is 69% of the total 3.8B increase in 2019/2020. Interest on employeeincome, declined 5.9%, largely due to the impact ofcontributions refunded amounted to 1.8B for the yearthe pandemic on jobs and income. Interest revenue,under review. This represents an 11.4% increase overwhich accounted for 27.5% of total income, declinedthe 1.6B in 2019/2020.significantly by 29.6%, amounting to 8.01B. The majorcontributor to this fall in interest income was interestOPERATIONAL REVIEWon mortgage loans, which totalled 7.6B, comparedto 10.4B in 2019/2020. This result is attributable tothe additional 1% reduction in mortgage interest rateseffected April 2020, as well as the decrease in the size ofKEY PERFORMANCE AREAS Contributions Collectionsthe JFM portfolio. Interest on investments fell by 53.9%Contributions collected surpassed its 2020/2021to 0.45B due to the combination of declining interesttarget by 11.5% or 3.1B, amounting to 34.3B.rates and the reduction of investable funds resultingHowever, this amount represents a 10.7% decreasefrom increased construction activities. Approximatelyover the sums collected in 2019/2020. This decline 0.9B was earned from service charge on loans, gainson foreign exchange and loss on disposal of investmentsecurities (net) fair value gain on investment securities,in collections is reflective of the negative impact ofthe COVID-19 pandemic on contributor’s incomeand employment.
National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our Mission Housing Starts and Completions Mortgage CollectionTheorganisation15collected 21.2Binloanrepayments, 0.8B more than budgeted, but, 1.8Bless than the previous year. The decline in sumscollected is the combined result of the reduction ininterest on loans, the disposal of a portion of the JFMportfolio, and the disruption in mortgage paymentsowing to loss of income and employment due to thepandemic.Housing StartsHousing starts this year were severely impacted byrestrictive measures brought on by the pandemic.Therefore, while starts exceeded the adjustedtarget set for 2020/2021 by 15.4% totalling 1,744housing solutions, this number represented a 57%decline from the previous year which recorded4,086 housing starts. This year’s starts comprisedconstruction on two housing developments and Loans CreatedA total of 8,697 loans were granted to contributorsbetween April 2020 and March 2021, roughly 5%more than planned and marginally more (1%) thanlast year. The total of these loans was approximately 40.0B. As is customary, main mortgage loans1,642 individual projects (Build on Own Land,Construction Loan etc.). Notably, individual projectsgrew 4% over last year.Housing Starts (April 2020 – March 2021)accounted for the vast majority (81%) of theBenefit Typeloans granted for the year – 7,041 with a value ofIndividual Benefits Loanapproximately 30.4B. The Open Market and HouseBuild on Own Land (BOL)346Lot benefit types continued to do well, accountingConstruction Loan (CL)739for approximately 57% of the main mortgage loansHome Improvement (HI)557written and just under a half (47%) of the totalNHT Developed Projectsand Joint Venturesnumber of loans over the period.MalvernLocationSt. ElizabethActual30NHT Financed ProjectsSeascapeLoans Created (April 2020 – March 2021)Benefit TypeKingstonTOTAL721,744ActualBuild on Own Land437Construction Loan899Home Improvement119Fifteen Plus loans38Housing CompletionsHousingcompletionsfor2020/2021werealso impacted by COVID-19 restrictions. The557organisation completed 2,444 housing solutionsHouse Lot1,256during the year, just a slight decline (3%) over theOpen Market Loan2,8782019/2020 performance. Beneficiary constructionScheme Unit713projects amounted to 1,142 but unlike the previousServiced Lot144year, account for less than half (47%) of housing7,041completions. NHT projects inclusive of Joint Ventures,Ten Plus loansSUBTOTALSolar Water HeaterJoint Finance Mortgage (JFM)TOTAL1011,5558,697the Labour and Small Materials Programme, and theCommunity Renewal Programme delivered 1,070solutions; 43% of the total.
National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our Mission16Chairman & Managing Director’s Report(continued)5%Housing Completions (April 2020 – March 2021)Benefit TypeLocation8%Actual3%1%Individual Benefits LoanBuild on Own Land257Construction Loan572Home Owners' Loan40147%16%NHT Developed Projectsand Joint VenturesPerth 1 AManchester112Hummingbird MeadowsClarendon80JacksonvilleClarendon35Industry CoveHanover63Estuary 1St. James225St. Catherine35020%MortgagesScheme ProjectsOtherJoint VenturesGPP ProjectsSilver SunJoint Finance MortgageSmall ContractorsGPPHousing ExpenditureLabour and Small MaterialsProgrammeYeast PlantWestmoreland2MasemureWestmoreland54Cashew GroveSt. James26Employee contributions remitted to the NHT up toMonymuskClarendon352013 were refunded during the financial year underreview. A total of 159,355 contributors were refundedunder review.Housing Expenditure vs. ContributionsCollectedOTHER OPERATIONAL AREAS50 Housing Expenditure45Housing expenditure for the year totalled 48.1B,4035figure expended the previous financial year. As is30year 2019/20 while the 15.5B used to financeconstruction activities and acquire land was 38%more than the previous year.50Housing Expenditure1mortgages represents a 7% increase over financial10202expenditure. The sum of 32.5B expended on150account for the largest portion (67%) of housing20202and the Joint Finance Mortgage Programme)259customary, loans to contributors (Individual benefitsJ Billion 2B less than budgeted, but, 15% more than the2012,444Trust paid out a total of 7.7B in refunds for the year8TOTAL140201Hanoverto mortgagors’ accounts ( 1.2B) are factored, the7NHT Financed Projectsthan that for the 2019/2020 period. When transfers201646Clarendon201Juno Crescentamounting to roughly 6.5B in cash, marginally less528201Kingston4Denham Town201Community RenewalProgrammeWinchester Estate Contribution RefundsContributions Collected
National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our MissionSPECIAL PROJECTSApproximately 213M was spent on scheme upgradesin 2020/2021 – 60M less than that spent in theRefurbishing of Police Stationsprevious year.Some 136M was expended in 2020/2021 on theResearch and Developmentrehabilitation of police stations across the island. Thisexpenditure facilitated the completion of the PortAntonio station, continued construction in Buff Bay,Olympic Gardens, and the Special Operations Unit(Mobile Reserve) in Kingston and St. Andrew. Policestations in Savanna-la-mar, Frome, Little London,Lacovia, Anchovy, and Stony Hill to the date of writing,remain in the planning stage, while the project in PortMaria remains on hold.Community Renewal17An estimated 24.8M was spent on Research andDevelopment projects in 2020/2021. Under thisprogramme, a Photovoltaic System (solar) was installedat NHT’s head office, and the completion of a BambooProcessing Plant in Peckham, Clarendon was achieved.An LED Lighting and Occupancy Sensors project iscurrently being undertaken at the Head Office, whileresearch into bamboo’s inclusion in the NHT’s goal formore affordable housing construction is currently inthe planning stage.For the 2020/2021 period, ten (10) communities wereidentified for upgrade works and are currently at varyingSOCIAL DEVELOPMENT PROGRAMMESstages of completion. Of the ten (10) communities thatbenefitted from this programme, six (6) were in theThe National Housing Trust remains proud of itsparishes of Kingston and St. Andrew – Denham Town,commitment to not only providing housing solutionsJuno, Majesty Gardens Phase 1A, Maxfield Park, Rastabut also supporting the development of wholesome,City, St. Paul’s Lane, and Mona Common. The othersustainablecommunities are located in the parishes of Clarendon,Development Department, staffed by a small cadre ofSt. Mary and St. James. An estimated 245.8M wastireless social workers, the organisation partners withspent on the Community Renewal Programme forgovernment and non-government organisations to build2020/2021.the capacity of the community based organisations inRenovation of InfirmariesIn 2020/2021, five (5) infirmaries were targeted bythe NHT for refurbishment. Infirmaries in St. James,communities.ThroughourSocialour various schemes. The following programmes wereimplemented in 2020/2021:Job Readiness and Training ProgrammeSt. Elizabeth, Westmoreland and Portland are underDuring 2020/2021, the Trust in partnership with theconstruction. Meanwhile, plans are underway forMinistry of Labour and Social Security, providedthe renovation of the Parent Overnight Suite at123 beneficiaries with valuable skills necessary forthe Bustamante Hospital for Children. Under thissuccess in the world of work through a job readinessprogramme, a total of 49.9M was spent in 2020/2021.and training programme. This programme took placeNHT Scheme Upgrade Programmebetween October 5 and October 9, 2020.During 2020/2021 some 70 upgrade projects wereSocial Venture Projecttackled in a number of NHT schemes across the 14Under the Social Venture Project, eighteen (18)parishes, and are at varying stages of completion. Ofschemes were awarded funds toward projects that arethe 70 projects, 11 were completed during the period.income earning and benefit their community. Angels
National Housing Trust Annual Report 2020/2021 NHT – Your Home is Our Mission18Chairman & Managing Director’s Report(continued)Grove was one such community which benefitted fromRelief for Unemployed Contributorsthis programme. Angels Grove received funding forAs part of the COVID-19 relief effort, contributors whoequipment to upgrade their grounds; this equipmentwill also be rented to earn funds for the community.have been unemployed for a period of twelve monthsor more will be allowed to access their contributionsrefund one year in advance from July 2021. ThisSummer CampsThe NHT held five (5) summer camps across three (3)initiative will expire in July 2022.parishes – St. Ann, Clarendon, and St. James duringExtension of Cash Refunds2020. At the camps children were taught music, chess,Since 2016, approximately 26,300 public sectorand robotics.mortgagors have been receiving their contributionrefunds in cash annually. This differs from the regularEnvironment Management Initi
ensuring prudent financial management. 2 National Housing Trust nnual eport 2020/2021 NHT - Your Home is Our Mission Core Values . called Union Network International of the Americas, he was appointed to the Senate in 2012. . and is a trained paralegal. Ms. Hope Wint Ms. Hope Wint is a Risk Management
