2018/19 Budget: Government-FNPF to develop multi-family housing units
28 June, 2018, 8:50 pm
GOVERNMENT will soon sign an agreement with the Fiji National Provident Fund that would pave the way for the Fund to develop multi-family housing units in Fiji.
In his 2018-2019 National Budget address, Minister for Economy Aiyaz Sayed-Khaiyum said these housing complexes would not require any direct capital from Government.
“Instead it will require Government’s commitment to subsidise rent for low-income earners,” he said.
“This partnership will not only diversify FNPF’s investment portfolio but upon completion create a multi-family complex for families and open a large infantry of affordable options in the highly developed market.”