The measure has benefited a total of 220 families and low-cost housing construction projects.
SANTO DOMINGO- The Central Bank of the Dominican Republic (BCRD) reported yesterday that as of March 15 of this year, financial intermediation entities have placed financing for low-cost housing for a value of RD$689.7 million.
The entity provided the figures one month after the implementation of the measure, as part of the resource release program approved by the Monetary Board in January 2023, whose total authorized amount was RD$21,424.0 million.
The Central Bank of the Dominican Republic (BCRD) explained that of the total resources disbursed, RD$540.7 million have been allocated to the acquisition of low-cost housing, benefiting 214 families, for an average disbursed value of RD$2.5 million per home.
The remaining amount, RD$149.0 million, corresponds to six interim loans for the construction of low-cost housing, the agency noted in a statement.
"Of the total amount of resources disbursed, amounting to RD$689.7 million, RD$347.1 million has been provided by savings and loan associations, RD$335.8 million by multiple banks, and the remaining RD$6.8 million by savings and credit banks," the Central Bank stated.
