The Tribune

GOVERNMENT officials met yesterday to figure out ways to revive the administration’s stalled mortgage relief plan, Prime Minister Perry Christie said. However, the nation’s chief did not give further details on how the plan will be tweaked to assist homeowners facing foreclosure.

“You know with mortgage assistance right now this morning, we are meeting and looking at how we are able to rehabilitate our efforts in that regard,” he said on the sidelines of the opening of the Steering Committee on Underwater Cultural Heritage, hosted by UNESCO at SuperClubs Breezes.

Mortgage relief was a core element of the Progressive Liberal Party’s 2012 election campaign. The party claimed the plan would have helped more than 1,000 struggling homeowners but last year in the House of Assembly, Mr Christie said the plan would only assist “four or five” people.

Since then, the government pledged to retool the plan so that it would help more homeowners. The government initially allocated $10 million to the plan which was launched in late 2012.