SANTO DOMINGO. – From last year to date, the National Happy Housing Plan has received more than 550,000 applications, has 24 projects, and it is estimated that, by December 2023, it will have delivered three thousand housing units to families benefiting from this trust carried out in alliance between the public and private sectors.
This was reported by the Deputy Minister of the Presidency, Camel Curi, during the Latin American Trust Congress (COLAFI) organized by the Association of Multiple Banks of the Dominican Republic (ABA) and the Latin American Federation of Banks (FELABAN).
In a panel discussion, the official detailed the progress and projections of the initiative aimed at improving the quality of life and reducing the housing deficit.
In the case of Colombia, housing trusts with public funds have allowed the country to reduce its housing deficit by 18% and channel subsidies to one million households, improving their quality of life and reducing overcrowding by 30% nationwide, commented Germán Arce, president of the Association of Trust Companies of that South American country.
Panel on housing trusts. (External source).
On Friday, the Superintendent of the Securities Market, Enmanuel Cedeño, also participated, announcing that the National Securities Council would be holding a public consultation on the draft regulations for trust companies, public offering trusts, securitization companies, and autonomous assets in the process of securitization.
This announcement was well received by the general manager of Fiduciaria Popular, Andrés Rivas, who accompanied him on a panel, and expressed that this regulation would generate business opportunities in the fiduciary market.
COLAFI also covered current technological trends with a presentation by Julio Ferron de Jesús, leader of the digital assets team at KPMG Spain, who pointed out that there are great opportunities for the trust market to take advantage of technological innovations.
In general, he warned that technological advances are outpacing regulation, posing a challenge for institutions and companies. He stated that synergy between banking, fintech, and other financial sectors is essential to capitalize on all opportunities and respond effectively to the demands of today's world.
For two days, local and international experts analyzed the trends and reality of the trust, as well as its contributions in the legal, administrative, and financial areas.
