Local January 5, 2012 - 6:25 am

Posh government-built condos brew scandal, Hoy reports

Santo Domingo.- Nearly four months after president Leonel Fernandez cut the ribbon for the three-condo complex El Progreso on Luperón avenue, the manner in which its 180, as yet unoccupied apartments were assigned continues shrouded in mystery, with details undisclosed thus far.

Sources quoted by news source hoy.com.do affirm that the Government would provide a RD$2.0 million bond to lower rate of the potential financing given the high cost of the units, of RD$7.3 million, a figure which Hoy couldn’t confirm.

Hoy reporter Odalis Mejia also revealed that senior military officials and leaders of the ruling PLD party pressured to be included on the list to get a condo, but they had already been assigned for some time.

She said the requests have already exceeded the number of apartments, whose construction was criticized by the civic group Alternative City, because “taxpayers’ money shouldn’t be used to build luxury apartments”.

And though the financing will be through the State-owned bank Reservas, the National Housing Institute (INVI) is the government agency which submits the list of beneficiaries.

When Hoy asked Reservas about the requirements to apply for one of the apartments, they were told that handles that the INVI with discretion. “You know how those Government topics are handled,” said an employee.

And despite that the INVI has reiterated that the apartments would be available for any middle class professional, Mejia reports they could be acquired only by high income people, since just the maintenance service costs RD$18,000 monthly.

COVID-19

October 30, 2024 - 4:52 pm

Pro Consumidor grants 30-day extension for removing sun-exposed water bottles

October 28, 2024 - 1:37 pm

Médico Express drives innovation, accessibility, and quality in healthcare with new center in San Isidro

October 24, 2024 - 3:31 pm

Pro Consumidor sets October 30 deadline to cover bottled water from sun

October 24, 2024 - 1:27 pm

CMD proposes law to decriminalize unintentional medical acts

MOST READ

Tourism

Dominican Republic prepares for humpback whale season

Tourism

New San Pedro-Mayagüez ferry route will boost trade between Dominican Republic and Puerto Rico

Expats' Corner

Buying and driving a car legally in the Dominican Republic

Tourism

The Margaritaville is now operated by the Dreams brand

MORE NEWS

World

Infotep certifies 66 Dominican beauty professionals in New York City

Local

Airbnb launches ‘Responsible Hosts’ section to educate Dominican hosts on tax obligations

Local

Aerodom denies luggage theft at Las Américas Airport

World

Salvadoran Congress approves military deployment to Haiti