The Samoa Housing Corporation (SHC) marked Thursday 16 April 2026 in its history; proudly achieving an unprecedented milestone through the full settlement of all outstanding declared dividends, from financial years 2020 to 2025. 

Settling the total SAT$5,927,365.85 outstanding amount was achieved through prudent financial management and a strategic and disciplined repayment strategy implemented by the SHC since April 2023. Beginning with an initial payment of SAT $500,000, this was followed by consistent monthly repayments of SAT$100,000. The remaining balance of SAT $2,227,365.85 was paid to the Ministry for Public Enterprises (MPE) on Thursday 16th April 2026, making this day a historical and proud moment for the SHC. The SAT$2,227,365.85 was from the Corporation’s record net profit of $6.6m for financial year ended June2025. 

The full repayment of these dividends reflect SHC’s strong commitment to financial discipline,
accountability, and the responsible stewardship of public resources. It also demonstrates the Corporation’s continued efforts to strengthen its financial position, ensure compliance with its governing legislation while still delivering on its mandate; to support financial access for housing projects for the people of Samoa. While meeting its dividend obligations, the SHC did not lose focus of its mandate. 

Effective 1 March 2024, the Corporation reduced its lending interest rates to make housing finance more affordable for its customers. Personal guarantee loan interest rates dropped from 17% to 14%, while Mortgage loan interest rates were reduced by 1%. These reduced interest rates remain as of April 2026. 

These achievements form part of the Corporation’s broader commitment to its legal mandate, Corporate Plan as well as the Pathway for the Development of Samoa 2021/22 – 2025/26. The work that we do is aimed at easing financial burden on borrowers, expanding access to affordable housing opportunities, while still remaining profitable. Collectively, these undertakings underscore SHC’s ability to balance commercial performance with its social responsibility mandate. 

SHC acknowledges all its clients and stakeholders for their continued cooperation and support. The Corporation also recognizes the Government of Samoa for its ongoing support in enabling SHC to deliver on our mandate. We remain committed to financial sustainability, sound governance, and in performing our role as an arm of Government in supporting the housing needs of the people of Samoa.

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