HAJ CLARIFIES NEWSPAPER REPORT REGARDING FINANCIAL LOSSES
KINGSTON, March 20 (JIS):
The Housing Agency of Jamaica (HAJ) is moving to clarify a recent newspaper report that the agency made millions of dollars in losses in the current fiscal year, which ends on March 31.
Speaking at a press conference at the agency’s Caledonia Avenue offices in Kingston today (March 20), Board Chairman, Norman Brown, said the information was “dated and erroneous”.
He explained that the entity incurred a loss of $900 million for the 2015/16 financial year and “that is what we inherited upon taking office (in 2016)”.