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