2018/19 Budget: Government-FNPF to develop multi-family housing units

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.”

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