Medical school may lease up to 50% of Joe's Hill Manor Estate- SSB
Subject to agreed caveats, PHSU may lease up to 50 per cent of the property to house its students and faculty, SSB stated on May 5, 2025, on its website.
Newly appointed Director of the Social Security Board, Ms Lorie Freeman said: “The Social Security Board is pleased to partner with Ponce Health Sciences University in this capacity. The organisation has continually shown its support for healthcare advancement in the Territory, and this partnership is an endorsement of that commitment.”
To date, 38 students have already been accepted to the campus, with 60 percent hailing from the United States, 35 percent from Puerto Rico, and the remaining five percent from various international locations. Two of the applicants are from the Virgin Islands.
PHSU will operate from the H. Lavity Stoutt Community College (HLSCC) campus in Paraquita Bay.
SSB has not forgotten ‘initial purpose’ of JHME- Brodrick Penn
The remainder of the Joe’s Hill Manor Estate property, SSB said, will continue to be available for purchase.
According to the Deputy Chairman of the SSB, Mr Brodrick Penn, though the Board recognises this partnership as an opportunity to earn a return on its investment, the SSB has not forgotten and will continue to accelerate the initial purpose of the Joe’s Hill Manor Estate.
The development of the Joe’s Hill Manor Estate was initially a first-time Homeowners Programme with homes constructed on seven acres of hillside with views of commercial Road Town and the South Coast Harbour.
As part of the 7 acres of land, the housing community is made up of twenty-five (25) buildings, comprising fifty-two (52) residential units and one (1) commercial space.
Prices, according to SSB, start at $275,900.
According to SSB, to date, a fifth of the JHME has been sold or is currently under contract to Virgin Islanders.
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13 Responses to “Medical school may lease up to 50% of Joe's Hill Manor Estate- SSB”
Too many people in the BVI hate good news! The BVISSB has its own board and executive that deal with its business. They are sitting on almost USD1Billion in assets and have run a good ship over the past few decades. It's run and HAS BEEN RUN by qualified locals from messenger to the Investment Manager, to the Dep. Director/Director but do we brag about this? NO, we wallow in negativity pretending that we give a ^%$£ about this place. I never agreed with that housing project but glad to see that they may land on their feet after all and recoup the investment made. Cheers to spreading the good news with the same energy as the bad.
not for the people but for the government
same goverment that will take it and invest it into the country or its people just wait and see
if you need a reminder take a lot at our water system, roads, infrastructure etc
The idea is you get to own a place instead of throwing money away on rent.
And SSB doing the right thing if people can't work that out realise money from the asset another way. They are not stupid.
Although I would prefer that now the money spent some of the places could become subsidised housing for the elderly (we supposedly so cherish) and the more needy in our society. That is where our money should go not supporting International Criminals with concerts.