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Help for 236

Ropate Valemei
Friday, March 28, 2014

A TOTAL of 236 families were assisted under the social housing policy introduced in 2012.

According to the Housing Authority, the policy is a relatively new yet responsive housing program that is rapidly changing the socioeconomic outlook for many retired homeowners who have yet to complete paying off their homes.

Funded by a $2million government grant, former chairman Brigadier General Mosese Tikoitoga said in the authority's 2012 annual report the authority was able to write off the home loan accounts of homeowners who had paid more than one and a half times the principal loan amount and were now retired because of advanced age or medical conditions.

He said $1.9m was utilised to write off 146 families' home loan accounts of which $1.02m was drawn from the government grant and the remainder from authority provisions.

"These write-offs of homeowners' loans represented an increase of 62 per cent of customers who were assisted from the previous year," he said.

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