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Feb 9, 2012

Clarifying housing write-off discrepancies

Since Monday, several persons have come forward to say that they have received letters from the Housing and Planning Department stating that loans they never made or have already paid were written off. Today News Five spoke with Lawrence Sylvester, C.E.O. in the Ministry of Housing and Urban Development, and he categorically stated that these letters do not represent any questionable exercise by the Department because all transactions are subject to audit under Government regulations. Sylvester says that the discrepancies may arise because files have not been properly updated and the write-offs include loans dating back as far as 1984. So while the recipients of the letters have paid off their loans, there may be home improvement funding or arrears still on the books. Sylvestre advises the persons to visit the Housing and Planning Department offices to address any queries.

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2 Responses for “Clarifying housing write-off discrepancies”

  1. JahKid says:

    That means Gov will save money. I hope it is not used to pay off insiders loans. I know that when an institution have a raffle they do not let workers to play and if workers play that is void. What about DFC? I was left right here in the cold. Ok. Fine!

  2. Bulba Martinez says:

    Man, Sylvester full a $#!%. Audit should have been done prior to sending these letters. Who di hell Sylvester think we are?. If this is how they conduct business, we must wonder why no money noh deh fuh run di Country. Easy avenue for their corruption and think we’re all stupid like them.

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