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Amendments to the Affordable Housing Programme – Increasing the opportunity for home ownership
Effective February 2017, the qualifying income of persons eligible for the 2% interest rate, has moved from $10,000 to $14,000: these persons can also now access properties valued up to $1M. Those earning between $14,001 and $30,000, can now benefit from a 5% interest rate and can access properties valued up to $1.5M