Economy November 10, 2015 | 9:18 am

Govt. says trusts are key to end housing shortage

Santo Domingo.- Presidencychief of staff Gustavo Montalvo on Monday said public-private partnerships andtrusts are the key to end the country´s housing shortage, during a meeting withDominican Trust Association (Asofidom) to discuss the projects under trustfinancing.

"We´re promotingthrough the Affordable Housing Construction Trust in Dominican Republic -TrustVBC RD, involving the private sector, thereby the 17 developers selected for thefirst project supported by the Trust VBC RD, such as Juan Bosch City Project,"Montalvo said.

He said he´ll continueworking on other trust projects given their importance for public and private interests.

In the National Palace meetingthe official cited the case of the Tourism and Economic Development Trust for Pedernalesprovince (southwest), which in his view represents the needs of the varioussectors.

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