HA HOUSING LOAN WRITE OFF

HA WRITES OFF MORE HOME LOANS
April 16, 2012
SOCIAL HOUSING POLICY TO ASSIST HOME OWNERS
April 16, 2012

HA HOUSING LOAN WRITE OFF

The Housing Authority of Fiji today presented nine of its customers with letters to tell them that remaining balances on their home loan accounts had either been completely written off or had received a partial write off.

The announcement comes after Housing Authority chairman, Colonel Mosese Tikoitoga launched the Social Housing Policy in January, which will directly target those;

·         Customers who have paid more than two times the principal loan amount
·         Customers who can genuinely prove financial hardship.

“Those customers, who have paid more than twice but less than three times the principal loan amount, are eligible for partial write off of their home loan, while customers who have paid more than three times the principal loan amount will be able to have their home loan accounts written off hence enabling our citizens to own their properties sooner rather than later”, said HA chief executive officer Alipate Naiorosui.

Nemani Tausere, 74, a retired plumber, who received his letter at the Housing Authority head office in Nasinu, was emotional and expressed gratitude for the assistance saying, “I had purchased the land in the 1980’s and built my home, today my four-bedroom home now belongs to me and my wife and I can retire knowing that the house is now mine.”

Mr Tausere moved from Tubou, Lakeba to Suva in the 1980’s to find work and eventually bought land from the Housing Authority and built his home in Nadera.

Mr Tausere and his wife have 10 children and they intend to pass the home onto their children and grandchildren.

The Housing Authority is urging its customers to contact its offices in Lautoka, Nadi, Suva, Nasinu and Labasa to make use of the policy should they meet the criteria for assistance.

It is designed to enable Fijian citizens, who genuinely deserve assistance, to be able to own their home sooner rather than later through the robust change in housing policy and direction by Government. The policy will particularly assist those customers who are about to retire or are facing genuine difficulty.

The policy announcement comes in line with Government’s commitment at the National Housing Policy meeting to make home ownership a reality for all Fijians by 2020.

Any further clarification please contact Dwain Qalovaki, Public Relations & Communications Office on 999 3915 or email dqalovaki@housing.com.fj <mailto:dqalovaki@housing.com.fj>