PHILIPSBURG:--- Independent MP Christophe Emmanuel on Monday said the statement by the St. Maarten Housing Development Foundation (SMHDF) about raising the rent of its tenants feels like there is more to the story than the foundation is saying and questioned government’s role.
SMHDF General Director Helen Salomons informed the media that the World Bank (WB) Trust Fund Steering Committee has denied SMHDF’s request for the US $45 million in funding. She said that the rejection is for reasons unknown. According to Salomons, the World Bank decision means that SMHDF can no longer finance and subsidize low rent rates and will ...
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