Housing Authority and Public Rental Board announces COVID-19 relief package for affected customers

The Housing Authority and Public Rental Board has announced a COVID-19 relief package for affected customers.

Minister for Housing Premila Kumar says that Housing Authority customers affected by COVID-19 have a few options they can choose from.

Kumar says for the next three months they can choose a loan repayment holiday, change the contract whereby the loan repayment can be extended and the amount can be reduced.

The Minister adds that they can also have interest only payment option and extend the contract and get a repayment holiday.

Kumar further says that the Public Rental Board has the option to defer the rental payment.

The Minister says the boards will be doing a monthly review of the situation.

More to follow.

Source: World Health Organization