FIJI NEWS
October 06, 2012 12:00:00 AM
  Follow @ Twitter

The Fijian government yesterday wrote off three village housing schemes in the Northern Division  through the Housing Authority o Fiji.

The move is seen asa major breakthrough for families who no longer have to pay off these loans.

Authority  chairman Mosese Tikoitoga presented the official letters to the families and clans of those that are paying home loans in the Bua province.

The village housing scheme was introduced in the 1980s to provide a mechanism for adequate and decent housing for those that reside in the peri-urban and rural areas.

To date, that scheme has a portfolio of $9.4 million.

 “Everything the board, management and staff the housing authority do is guided by Government direction and a vision for housing the nation,” Tikoitaga said in a statement.

 “This assistance is in line with the National Housing Policy that aims to provide affordable, decent and quality housing for every Fijian by the year 2020.”

 The Authority also announced the suspension of interest on the accounts for three other village housing schemes.

This will see financial burden lifted for families residing in the Sauniduna Housing Scheme in Nasaqa, Mataqali Buawaqa Housing scheme in Nubu village and the Vusakalou Housing Scheme from Mataniwai and Raranibulu village.

However the suspension on payment of interest on their accounts is for six months only.

Tikoitoga highlighted that while there is a strict criteria that needs to be met in order for home owners to have their loans written off, one of the benefit behind this is providing financial security for home owners.

 This assistance follows though from the Peoples Charter for Change, Peace and Progress which seeks to empower indigenous land owners rights to access and lease native land, as well as to participate in commerce and entrepreneurship, as equals in Fiji’s emerging economy.

 The village housing scheme accounts have been properly audited and certified correct for assistance in line with ensuring that this process is transparent and targets those village communities that most need.

In August this year, twelve village housing scheme accounts were written off in the Ba province and amounted to $915,000 of the total portfolio.

By Reginald Chandar

bang-bang


PREVIOUS STORY
Sofield exits AFL role, Khan fills in
NEXT STORY
17-year-old drowns in Wainibuku River

Post a Comment
Bookmark and Share

 


Posted Comments
No comments, but you can post the first comment!
   





Are you happy with the 2015 Budget?
 Yes
 No


Poll Results: Current | Previous

Are you happy with the 2015 Budget?
Yes
 33%
No
 67%



More Polls
Press Esc to close this window
BUSINESS
It's a fair budget, says top exporterFiji's top exporter, Mark Halabe has labelled the 2015 National Budget as "fair" and says the Government has delivered what it promised to the people.
SPORTS
Retallick is World Rugby Player of the YearNew Zealand second row Brodie Retallick has been named World Rugby Player of the Year 2014.
WORLD
'Green'-tinted SUVs at Seoul Motor ShowGas-guzzling SUVs, eco-friendly electric cars and the odd brave attempt to marry the selling points of both are taking centre stage at the biennial Seoul Motor Show.
TECHNOLOGY
Vodafone Fiji, Tonga telco in allianceVodafone Fiji and Tonga Communications Corporation today signed a strategic partnership alliance that will allow the Tongan company to leverage off the experience of their Fijian counterparts.
ENTERTAINMENT
Moorhouse to release debut albumNew Zealand 2013 The X Factor fan favourites Moorhouse will release their debut self-titled album that will include their brand new single Somebody Loves You on December 5.
HEALTH/FITNESS
Clean-up day to curb dengue outbreakFiji's Ministry of Health has declared a clean-up day next Thursday for residents in the central division as it ups the tempo against a dengue fever outbreak currently experienced in the country.
NEWS SPORTS INFOTAINMENT SERVICES MOBILE EXTRA HOT TOPICS