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Facts & History
1958 - Begin operations.
- Purchase and Home Improvement Loans.
- Small Program to build small units.

1964 - Rental accommodation provided.
- To provide temporary accommodation for those who could not afford loans.

1971 - Production and sale of serviced sites.

1986 - 17,000 families benefited form housing programs or 34% of urban population.

1987 - HA produced about 830 serviced sites. 700 mortgages. 1800 rental flats.

1988 - New policy statement adopted by Board and Government.

1989 - Public rental board separation.

1991 - Loan agreement signed between Housing Authority, Government, world
- Bank and Asian Development Section.

1997 - Out-sourced functions of the Planning and Development section.

1999 - Reduction of interest rate from 11.5% to 6% to all customers earning below $6,500 annually.

2000 - Special "Assistance Scheme" to help HA customers who have lost their jobs or reduction in May crisis.

2001 - Refinanced expensive loans.
- Moving on Package launched with initial Interest rate 5.99%.

2002 - Implementation of more intensive and proactive management controls and introduction of Credit management unit.

2003 - Celebrated 45 year of Service.
- Launching of Sapphire Package with initial rate 4.45%.

Highlights of the 2002/2003 Year:
  • The moving on package with its 5.99% first year interest rate proved to be a major success in 2002
  • Total loan provided under this package amounted to $29 million
  • The mortgage portfolio grew by 10.6% in 2002 and 875 customers were able to make their accounts good
  • On 3rd October 2002 Parliament approved the conversion to government equity of the $44 million owned moving the Authority from a negative equity position of $3.4 million in 2001 to a positive equity position of $38 million in 2002
  • The Authority is in the process of designing major subdivisions at Waqadra in Nadi and Housing City in Suva