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Santo Domingo.- The Senate Wednesday amended the Law to Develop the Mortgage and Trust Market as submitted by the Executive Branch, which will allow the use of a percentage of the workers’ pension fund for housing construction.
The legislation, which has been eyed warily by the labor unions and other sectors, will now return to the Chamber of Deputies, after the Executive Branch objected some points which had been added, and suggested others.
Among the bill’s supporters figure the Dominican Commercial Banks Association (ABA); the Dominican League of Savings and Loans Associations, the economic sector, the Savings and Credit Banks Association (ABANCORD), as well as the Government.
President Leonel Fernandez’s missive for the piece affirms that the law seeks to develop the mortgage and trust market, and will reduce the residential deficit with the construction of low cost houses for the middle and lower classes.
He said it will also lead to the creation of financial figures to develop housing construction, to be subsidized by the State as well, reducing all taxes on construction as well as in the purchase of houses.
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What a bunch of f...en thieves.
These government pukes will steal it all and lie and say that it just evaporated.
You people are clueless.
Besides the banks, how will the people(71% making less than 15k) that can't afford a mortgage, benefit from this ? Low income housing projects don't count, it doesn't belong to the people, if rent has to be paid.
Unfair competition in a sector traditionnally exclusive to the banks, savings unions and...shylocks.
True intent is to steal that money before August 16 2012.
E' p'abajo que vamos!
Whats doing bro! I hate to say this but, I get about 65,000 per Month and find it very hard to live here...I pay 12,000 for rent, 3,000 for phone & Internet (Codetel Crooks!!) Electric 5,000 (I have a feeling somebody is on my service!!) 3,000 a Month for a table, health ins, kids school, food, etc...it adds up quick!! and still I have almost no food by the end of the Month..I have no idea how any of these people do it! I don't eat out, no movies, kills me! and I need the Internet to try to make more money from home...This jerk Leotard is doing the same crap as obumma! that dip (obumma) put his dirty hands into Social Security!!! Now we now why Leotard is doing the same here...I believe Obumma came for a visit not too long ago, they are all corrupt!!! Watch it folks!! The real expense for me is my medications since my SSI does not pay for it being I'm out of State...So its been tough, but not as bad as being back home on Long Island, forget it!
That is providing you don't get real sick were you would have to visit a Dr a few times a month and for you to buy your own medication for a long time.
DR should do like Costa Rica were you have at least 200,000 Gingos and they made it possible for them to use their medicare card as primary and a secondary would always follow medicare providing you have one along with mail order pharmacy from the STATE, That is the way to go.
TAR