Santos announced that 126 projects are currently underway and 42 are in development nationwide, which will significantly improve the quality of life for Dominicans residing in 24 provinces. He stated that 2,500 homes will be delivered between now and the first quarter of 2023.
SANTO DOMINGO. -The Minister of the Presidency, Joel Santos Echavarría, revealed that the beneficiaries of the National Housing Plan Happy Family (PNVFF) receive more than RD$800,000 in aid from the Dominican Government, through four vouchers, whose objective is to enable them to own their own home in dignified conditions.
The official explained, in a note sent to the media, that the bonuses are granted by the Ministries of the Presidency (Minpre) and Women (MMujer), as well as by the General Directorate of Internal Taxes (DGII), which allows these low-income families to reduce their monthly payment.
“The beneficiaries of the Happy Family National Housing Plan receive significant assistance from the Dominican State to reduce their monthly mortgage payments, such as RD$240,000 for the Initial Bonus and RD$4,000 per month for the 7-year Interest Rate Bonus, granted by the Ministry of the Presidency, RD$172,000 for the ITBIS Bonus applied by the DGII, and RD$135,000 for the Women's Bonus from the Ministry of Women, which adds up to an estimated total of more than RD$800,000 in aid so that families can fulfill their dream of owning their own home,” the minister stated.
The minister provided the information while accompanying the President of the Republic, Luis Abinader, to the handover of 120 low-cost homes in Los Alcarrizos, which will benefit the same number of families, with a private investment of RD$342.5 million.
Of the homes, 56 were delivered as part of the Happy Family National Housing Plan. The Praderas del Norte project will have 830 single-family and multi-family housing units, each with three bedrooms.
126 projects .
Santos announced that there are 126 projects underway and 42 in development nationwide, which will significantly improve the quality of life for Dominicans residing in 24 provinces. He stated that 2,500 homes will be delivered between now and the first quarter of 2023.
About the PNVFF
The National Happy Family Plan is the first program of its kind to provide access to decent housing for Dominican families from social segments facing significant difficulties in acquiring homes, thereby reducing the housing deficit. This initiative marks the beginning of the largest national effort to provide access to homeownership, ensuring family safety and well-being.
This program is developed through a public-private partnership process, in which the State will provide citizens who apply with the resources to access financing through different types of bonds that will help with bank payments.
