Response to Jersey Action Group's Facebook Post of 15 January 2018
Following several misleading and incorrect statements made by the Jersey Action Group (JAG) on their social media channels we would like to clarify the following:
JDC is 100 per cent owned by the taxpayer and the profits the Company will make from the successful delivery and sale of its development projects will directly benefit the taxpayer. Profits from JDC will either be paid out as a dividend or retained by the Company for the delivery of high quality public infrastructure or used as working capital for future development projects.
JDC is in the process of delivering 80 affordable homes at College Gardens – 40 of which have been sold to the Jersey Homes Trust for social rent and 40 have been sold as shared equity units to eligible first-time buyers at a discount to the open market. JDC’s assistance to first time buyers has been extended on all of its projects by offering a staged payment plan for some of their 10% pre-sale deposit thereby ensuring that purchasers have sufficient equity to secure mortgages on the handover of the completed units.
JDC questions the motivations of JAG and notes that the open plan layouts criticised by JAG are similar to the open plan layouts currently being delivered by Dandara at Westmount and also being constructed at Dandara’s Metropol site. These layouts are also being deployed by leading developers in major cities across the UK such as Berkeley Homes in London and in many places elsewhere.
If anyone is concerned by the misinformation being shared by the Jersey Action Group and would like to ensure that they have the correct facts regarding any JDC developments, please email us on email@example.com or post a query on the JDC Facebook page, and we would be very happy to help.