Ramish and Leela
Thursday, 16 February 2017 12:58

Accessing Affordable Housing Programme

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Wendy Huggings, the Assistant Manager, TTMF and Dike Noel, the Manager of Corporate Communications at the Ministry of Housing, speaking to Good Morning Trinidad and Tobago host Ria Roopchandsingh about the housing and loan application process in Trrinidad and Tobago.

Last week, Cabinet agreed to these revised terms and conditions for accessing the 2% and 5% mortgage Financing Regime under Government’s Affordable Housing Programme as administered by the Trinidad and Tobago Mortgage Finance Company Limited (TTMF).

In the Budget Statement 2017, the Minister of Finance declared that “We (Government) are ensuring that the housing needs of our lower and middle income groups are met: in respect of the 2 percent financing regime, we are increasing the qualifying income from $10,000 to $14,000 and the property value from $850,000.00 to $1 million. In respect of the 5 percent facility, the qualifying income will be increased from a lower limit of $14,001 to $30,000 and a property value in excess of $1 million to 1.5 million.”

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