Young people under the age of 35 who are buying a National Housing Trust (NHT) house would be assisted with a $500,000 deposit if the People’s National Party (PNP) is returned to office after the next general election.

Opposition Leader Mark Golding said this would be made available from what he called the Young Owners Deposit Fund.

“We recognise that often the hardest hurdle for young people in buying a home is the deposit. Well, we have you in mind. The next PNP government will establish a special Young Owners Deposit Fund of $1 billion within the NHT, using its resources to enable young persons under 35 years old to access $500,000 towards their deposit once they have been a NHT contributor for at least two years,” said Golding.

“They will be able to apply to the NHT and get their $500,000 deposit grant,” Golding added.

“Time come for young Jamaicans to own their homes,” he declared as he announced a raft of measures the PNP would unveil to make home ownership more affordable to Jamaicans.