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BUDGET 2009 LIVE-BLOG: Help for employers and more housing

Prime Minister David Thompson (FP)

Published on: 5/18/2009.
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Jobs and training, health and housing - these four of the biggest challenges, as outlined by Prime Minister David Thompson.

He has praised employers within the social partnership who "have maintained levels of employment in their businesses in circumstances in which they would ordinarily cut" staff.

Thompson acknowledged that this restraint, coupled with the economic crisis has resulted in reduced cash flow for these companies. Hence, he has announced a new employers' loan initiative which will be one year’s deferment of employer contributions to the Scheme.

This initiative will be funded by the Unemployment Fund of the National Insurance Scheme, costing it some $34 million over six years.

To qualify for the loan facility which will become available July 1, 2009, employers must have been compliant as of June 30, 2009 and must give a committment to maintain current employment levels.

The loan are to be repaid over a five year term at a 3% rate of interest.

On the issue of housing, the Prime Minister announced new housing development plans which the National Housing Corporation will initiate in this financial year.

There will be some 103 new units built, spread over five areas in St Michael and Christ Church.

 - 20 units at Tweeediside Road St Michael
- 36 units at Eckstein Village St Michael
- 3 units at Sayes Court Christ Church,
- 24 units at Haggatt Hall, St Michael
- 20 units at Fordes Road, Clapham Christ Church

Continue reading NATIONnews.com for more of our Budget 2009 live blog.
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16 comment found!

New to the Community : 3/15/2010
Hello. John here. I am new to the community. First of all, I want to thank those that have put this together. It is a great place to learn and get more information. I just wanted to make an introductory post to introduce myself. Thanks for the help.


Any good Information out there? : 3/10/2010
Hello. My wife and I bought our house about 6 months ago. It was a foreclosure and we were able to get a great deal on it. We also took advantage of the 8K tax credit so that definitely helped. We did an extensive remodeling job and now I want to refinance to cut the term to a 20 or 15 year loan. Does anyone know any good sites for mortgage information? Thanks!
Mike


Anyone know a good company for doing a mortgage refinance? : 2/24/2010
Hello. I just moved to the Miami area. I am looking for a solid company to help me with a refinance. I purchased the house from a short sale and had to do business over the phone because I was living in Az. I dont think that I got a good deal. My interest rate in now 6.99 percent. I think that I can refinance and get a much better deal. Please point me in the right direction.


... : 2/18/2010
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