Almost RD$700 MM have been allocated for low-cost houses

Santo Domingo, DR.
The Central Bank reported that as of March 15, 2023, financial intermediation entities had placed financing for low-cost housing for a value of RD$689.7 million as part of the program to free up resources approved by the Monetary Board in January 2023.

The total amount authorized is RD$21,424.0 million, with disbursements beginning in February of this year, says the entity in a press release.

Families
Of the resources disbursed, RD$540.7 million have been earmarked for acquiring low-cost housing, benefiting 214 families, for an average spent value of RD$2.5 million per home.

The remaining RD$149.0 million corresponds to six interim loans for constructing low-cost housing.

Of the number of resources disbursed, totaling RD$689.7 million, a total of RD$347.1 million has been placed by savings and loan associations, RD$335.8 million by multiple banks, and the remaining RD$6.8 million by savings and loan banks.

Dynamism
Low-cost housing is in great demand and, in turn, contributes to the dynamism of the private construction sector.

Savings and loans. Disbursements
RD$347.1 million has been placed by savings and loan associations, RD$335.8 million by multiple banks, and RD$6.8 million by savings and loan banks.