{"id":65868,"date":"2015-03-27T01:43:56","date_gmt":"2015-03-27T01:43:56","guid":{"rendered":"http:\/\/dr1.com\/new\/pages\/monetary-board-approves-rd10-billion-for-low-cost-housing\/"},"modified":"2015-03-27T01:43:56","modified_gmt":"2015-03-27T01:43:56","slug":"monetary-board-approves-rd10-billion-for-low-cost-housing","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2015\/03\/27\/monetary-board-approves-rd10-billion-for-low-cost-housing\/","title":{"rendered":"Monetary Board approves RD$10 billion for low cost housing"},"content":{"rendered":"

The Monetary Board has authorized the Central Bank to implement a mechanism whereby RD$10 billion of bank reserves will be made available for financing of low cost housing under Trust Law 189-11. The fund would enable low-interest loans to be granted at long terms. The funds would provide loans at 6% to builders, and homebuyers would have access to loans of up to RD$2.4 million at interest rates of a maximum 8% and 20-year terms. <\/p>\n

http:\/\/elnuevodiario.com.do\/app\/article.aspx?id=418224<\/p>\n","protected":false},"excerpt":{"rendered":"

The Monetary Board has authorized the Central Bank to implement a mechanism whereby RD$10 billion of bank reserves will be made available for financing of low cost housing under Trust Law 189-11. The fund would enable low-interest loans to be granted at long terms. The funds would provide loans at 6% to builders, and homebuyers … <\/p>\n

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