Established in 1971 and later converted to a statutory corporation in 1973, the Jamaica Mortgage Bank (JMB) plays a pivotal role in Jamaica's housing finance sector. Operating under the Ministry of Economic Growth and Job Creation, JMB's primary mission is to mobilize loan funds for on-lending to public and private sector housing developers and other lending institutions, thereby facilitating the development of affordable housing solutions across the island.

 

JMB offers a range of services, including primary mortgage financing, secondary mortgage market operations, and mortgage indemnity insurance. The bank's commitment to enhancing the housing sector is evident through its involvement in various projects and partnerships aimed at increasing the availability of affordable housing.

 

JMB has demonstrated financial stability and growth, with plans underway for privatization and listing on the Jamaica Stock Exchange. This move is expected to broaden the bank's capital base and enhance its capacity to support housing development initiatives.

 

JMB's unique position as a government-backed institution with a focus on affordable housing, combined with its financial expertise and strategic partnerships, makes it a cornerstone in Jamaica's efforts to provide quality housing solutions for its citizens.