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Applicants of SSB housing scheme to show bank pre-approval by Friday

Applicants of SSB housing scheme to show bank pre-approval by Friday

Verified applicants of the Joe’s Hill Manor Estate Application Process are being reminded that they must submit their bank’s pre-approval confirmation to the Social Security Board (SSB) by Friday, December 16, 2022, or risk being eliminated from the Selection Phase.

In a notice to the press on December 12, 2022, SSB said it would sincerely like to congratulate all applicants who successfully completed the ‘Verification Phase’ of the Joe’s Hill Manor Estate Selection Process.

Deadline

It added that verified applicants are reminded that they must submit their bank’s pre-approved confirmation to the Social Security Board, informing that the deadline for pre-approval submission is Friday, December 16, 2022.

“Failure to submit pre-approval will result in the applicant’s elimination from the Selection Phase,” SSB stated.

The Joe’s Hill House Development Project includes twenty-five (25) buildings, comprising fifty-two (52) residential units plus a commercial rental space.

The units are a mix of one, two, and three-bedroom condos, single-family homes, and townhouses.


The Joe’s Hill House Development Project includes twenty-five (25) buildings, comprising fifty-two (52) residential units plus a commercial rental space.

Bank financing

Minister for Health and Social Development Hon Marlon A. Penn (R8), in a statement during the Eighth Sitting of the Fourth Session of the Fourth House of Assembly (HoA) at Save the Seed Energy Centre in Duff’s Bottom on November 15, 2022, said the procedure to be applied in phase 3 for the allocation of homes will primarily depend on the actual number of applicants that are pre-qualified for bank financing.

“At the end of November 2022, if there are more pre-qualified applicants than available units in a particular category, based on the size and style of unit selected, then a randomised selection procedure may become necessary, in order to ensure transparency in the allocation of those units.

“Thereafter, each selected applicant will be allowed up to 90 days to finalise a mortgage and complete the property purchase transaction,” Hon Penn had stated.

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