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Achievements

Overall Highlights

  • Converted $623.5 Million in mortgages between July 1st 2023 to February 28th 2025.
  •  Generated total Cash Revenue via Mortgage Conversions of over $521.2 Million between July 1st 2023 to February 28th 2025. 
  •  Collected via LTO/RTO/Rental/ Commercial over $148.2 Million between July 1st 2023 to February 28th 2025.
  • Collected Arrears in the value of over $30 Million dollars between January 1st 2024 to February 28th 2025.
2023
June 2023

AMCL revised organisational structure was approved by both AMCL and Trinidad and Tobago Housing Development Corporation (TTHDC) Board

July 2023
  • General Manager of AMCL was appointed 
  • Comprehensive Conversion Strategy implemented and action for period July 2023 – March 2024
September 2023
  • A comprehensive listing of AMCL policies and procedures were developed 
  • Relocation iniatives of AMCL space to facilitate its operations commenced by the General Manager
October 2023
  • AMCL commenced occupation of its new office space 
  • Senior Members of Staff were appointed 
    • Senior Manager Sales 
    • Senior Manager, Rental and Debt Recovery 
  • Agency Agreement that is to govern the relationship between AMCL and TTHDC was drafted for AMCL Board Review
  • AMCL Strategic Plan developed for review
November 2023
  • AMCL Procurement Plan for fiscal year 2022- 2023 completed and forwarded to TTHDC 
  • The creation of AMCL Employee Handbooks/ Manuals and Departmental Manuals. 
  • Agency Agreement reviewed and approved by AMCL Board and forwarded to TTHDC for review
December 2023
  • AMCL officially operationalised as 25 additonal staff members were welcomed to the Company. 
  • AMCL hosted a comprehensive onboarding and training sessions with new staff on internal processess and databases
  • Strategic Plans completed and presented to its Board of review. 
  • Yardi Software training in
Throughout the Year 
  • AMCL converted 297 units from July 1st to December 31st, 2023 with a sales value of approximately $145.3 Mn. and actual income of over $122 Mn
  • A total of 30 keys were distributed from October 1st to December 31st, 2023
January 2024

Defensive Driving Exercise where completed by its Asset Verification Team on January 11th

March 2024

 

AMCL’s 1st Corporate Team Building Sessions were held on two (2) days March 26th and 27th.

May 2024
  • The Asset Verification Unit assisted with the hosting of the Cypress Hills Open House Event during the week of May 6th – 10th
  • The Asset Verification Team, in collaboration with Republic Bank and TTMB, hosted Open House Events at Victoria Keys on May 24th and 25th, 2024 and June 21st and 22nd, 2024, respectively.

June 2024

AMCL’s website www.amc.gov.tt became live and accessible. Members of the public can obtain information regarding our functions and processes such as  Mortgage Coversion, Debt Recovery, Commerical Property and Asset Verification as of June 13th, 2024.

July 2024
  • Website Content and Management Training for selected members of staff held on July 3rd.
  • Corporate Wide Emtional Intelligence Training held on July 31st.
August 2024

The Company held its 1st Corporate Wide retreat to enhance, growth, team building and leadership skills through interactive games and reflection.

November 2024

November 2024 stands out as the highest income-generating month of the year for mortgage conversions, with actual money received amounting to over $44. 1Mn.

Dember 2024

AMCL held its first Christmas Luncheon event at the Hyatt Regency.

Throughout the Year 
  • A total of 834 units have been converted to mortgages between January 2nd to December 31st, 2024 with and actual income of over $345.4Mn and a sale value equvilent to $414.6 Mn by the Sales department.
  • A total of 493 keys have been distributed by the Asset Verification Team during the period  January 2nd to  December 31st, 2024.
  • A total of $27.3 Mn was collected from the Arrears drive, which targeted 2,766 clients. 
    • 1014 Notice to Quit (NTQs) with clients in arrears value of over $52.7 Mn have been issued
    • 26 Clients have been evicted due to non payment of over $2.1 Mn. 
  • The development of several policies which includes: 
    • Sales Policy & Standard Operating Procedures
    • Debt Recovery Policy & Standard Operating Procedures
    • Delinquency Plan & Standard Operating Procedures
    • Petty Cash Policy & Standard Operating Procedures
    • Commercial Properties Management Committee Policy & Standard Operating Procedures
    • Rental of Auditorium and Open Spaces Policy & Standard Operating Procedures
    • Walkthrough Policy & Standard Operating Procedures
    • Uniform and Dress Code Policy & Standard Operating Procedures