The Samoa Housing Corporation’s (S.H.C) exceptional performance as a government body continues.
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Yesterday, the Corporation presented a dividend $358,621 to the government during a brief ceremony at its headquarters.
The Chairman of the Corporation, Tuilaepa Eti Faaolotoi, presented the cheque to the Minister of Public Enterprises, Lautafi Fio Purcell.
He said, that for the Corporation to be able to give back to the government within four years is a testimony that Samoa Housing Corporation is growing from strength to strength. He added that the management and staff of S.H.C would continue to work hard in order for them to increase the dividends in the future.
Tuilaepa said that since 2010, the government has received more than a $1.06million tala worth of dividends from Housing.
The Mi n i s ter of Pub l i c Enterprises, Lautafi Purcell, was delighted. “We are happy to receive this amount of money from the Samoa Housing Corporation,” he said.
“It is an indication that the Corporation has continued to move in a positive direction and we expect it to continue to grow.”
Lautafi said the money would be used to finance a number of government-funded developments.
The Samoa Housing Corporation is headed by C.E.O Mata'utia Rula Levi.
Established in May 1990, the Samoa Housing Corporation is the leading public financial provider of residential homes for the people of Samoa.
The main purpose of the Corporation is to improve housing and living conditions of lower moderate income persons and families by lending monies on mortgage or other securities to assist to build, extend, renovate or purchase land for the purpose of building a home thereon. It also administers housing for rent for the public.
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