NHT waives $585 million in peril insurance premiums for Hurricane Melissa-affected mortgagors
Originally published by The Gleaner Read the original
The National Housing Trust (NHT) has waived the peril insurance premiums for mortgagors in the parishes worst affected by the passage of Hurricane Melissa. The $585-million waiver was applied to payments that would have been due under a Special Hurricane Melissa Moratorium implemented by the Trust from November 2025 to April 2026. This is in addition to the approximately $1.12 billion in interest charges the NHT had already absorbed as part of the Hurricane Melissa mortgage moratorium programme.