{"id":170397,"date":"2023-03-11T07:38:51","date_gmt":"2023-03-11T11:38:51","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=170397"},"modified":"2023-03-11T07:38:51","modified_gmt":"2023-03-11T11:38:51","slug":"national-housing-to-hike-the-rate-of-mortgage-payments-for-over-300-homeowners","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/national-housing-to-hike-the-rate-of-mortgage-payments-for-over-300-homeowners\/","title":{"rendered":"National Housing to hike the rate of mortgage payments for over 300 homeowners"},"content":{"rendered":"
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An increase in mortgage payments is looming for over 300 homeowners who purchased a house under the National Housing and Urban Renewal Company.<\/p>

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That\u2019s according to this week\u2019s post-Cabinet notes.<\/p>\n

While no exact date has been determined for the implementation of the hike, the executive arm of government says it\u2019s a necessary step to compensate for the increased cost of building materials.<\/p>

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The communique from the government\u2019s chief of staff explains that the contracts were negotiated at a fixed lower cost and resulted in the homeowners paying a subsidized rate since 2019.<\/p>

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The decision to increase the cost was made when the managers from the housing company met with the Cabinet during the Wednesday, March 8, meeting.<\/p>\n

Opposition Leader Jamale Pringle, while responding to the 2023 Budget in the House of Representatives on Thursday (March 9), lamented that since the establishment of the National Housing and Urban Renewal Company, no audited financial report has been laid before Parliament and many are left to wonder about the operations of the company which is funded by tax dollars.- REAL NEWS<\/p>

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An increase in mortgage payments is looming for over 300 homeowners who purchased a house under the National Housing and Urban Renewal Company. That\u2019s according to this week\u2019s post-Cabinet notes. While no exact date has been determined for the implementation of the hike, the executive arm of government says it\u2019s a necessary step to compensate […]<\/p>\n","protected":false},"author":3,"featured_media":41234,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-170397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nNational Housing to hike the rate of mortgage payments for over 300 homeowners - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/national-housing-to-hike-the-rate-of-mortgage-payments-for-over-300-homeowners\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"National Housing to hike the rate of mortgage payments for over 300 homeowners\" \/>\n<meta property=\"og:description\" content=\"An increase in mortgage payments is looming for over 300 homeowners who purchased a house under the National Housing and Urban Renewal Company. 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