The Bahamas Mortgage Corporation (BMC) was established by an Act of Parliament in August 1983 and commenced business in October of that same year. Since commencing business BMC has expanded by opening a sub office in Grand Bahama in 1984 and another in Abaco in the year 2000. This year (2013) BMC celebrates its thirtieth (30th) year of service to the Bahamian people under the theme, “Building on the Past......Embracing the Future.”

Our theme reflects the modus operandi of which BMC is being managed. We are building on the work that has been done by those who came before us, where we find that adjustments or modernization is necessary we are doing so. As with any other company or institution operating in these times we have our challenges but we are raising to those challenges with the help of the talented Executives and Staff Members in all of our offices.

There can no doubt of the positive impact that BMC has had on many families in this country by assisting them in obtaining their own dwelling home. This has been done through the financing of the government's housing programme and through the granting of private mortgages. In my view BMC has lived up to its mandate as per the Act which is to:

-stimulate, encourage and promote home ownership

-encourage the construction industry

-provide financial funding for the construction of housing units/projects

-make loans to individuals of low to middle income for the purchase, construction or repairing of their home.

To commemorate its 30th year BMC has planned events to take place in the month of October beginning this Sunday October 6th, when the Board of Directors, Executives and Staff Members of the Nassau office will be worshiping at the 8:30 am service at Evangelistic Temple, Collins Avenue. We invite the general public to join us at this service.

We will also be holding Customer Appreciation Days at all of our office on October 7th, 8th, 30th, 31st and on November 1st, 2013. A special invitation goes to our customers and the general public at large to our Fun, Run, Walk scheduled for October 26th, 2013 beginning here at BMC head offices on Russell Road at 6:00 am.

We have also scheduled events for our Grand Bahama and Abaco offices which includes a church services at St. Jude's Parish, Freeport Grand Bahama on October 13th, and Marsh Harbour Seventh Day Adventist, Abaco on October 19th, 2013.

I would like to take this opportunity to thank our the Board of Directors, the Executive team and all other staff members past and present for the work they have done on behalf of the Bahamas Mortgage Corporation.