NHT introduce Cluster Housing policy

The National Housing Trust (NHT) introduced its Cluster Housing policy allowing individuals to collaborate and buy a single parcel of land then subdivide it.



Under the new policy, groups of persons will have access to a maximum of nine lots. Each applicant will be able to get the maximum of $1.2 million allowed under the Individual House Lot loan.



Managing Director, Earl Samuels said based on the policy, NHT will be able to provide loans for purchasing and subdividing the property, installing infrastructure and paying for the splintering of titles.



Under a previous policy, loan applicants could only receive loans to purchase the lots.