Economy July 13, 2017 | 12:43 pm

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Gov. RD$500.0M in bonds to help first-time low-cost home buyers

Gustavo Montalvo.

Santo Domingo.- Presidency chief of staff Gustavo Montalvo on Wed. announced  the Government’s low-cost housing construction policy, and a RD$500 million in bonds for first-time home buyers.

“Decent housing is a yearning for each person and each family. It’s one of the fundamental pillars of human development and, therefore, is a priority for the government,” said Montalvo, during the Housing Builders and Promoters Association (ACOPROVI) luncheon.

The official said the Government has disbursed more than RD$500 million in housing bonds, benefiting more than 4,100 for first-time buyers.

He said president Danilo Medina’s administration is also determined to assist low income families, with ongoing studies to define new housing models to be developed through a trust, with a RD$700,000 cost limit.

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