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View Full Version : Congress passes housing/pension fund bill



NewsWhore
03-31-2011, 05:40 PM
The Senate has approved the bill that allows pension funds to be used for housing projects. The bill, the Ley para el Desarrollo del Mercado Hipotecario y el Fideicomiso en la Republica Dominicana was sent to President Leonel Fernandez for signing and publication. The bill calls for a single government office, located at the Ministry of Public Works, to handle all the project paperwork, as reported in Diario Libre. The bill establishes that the funds can be used to build low and middle-income dwellings to reduce the national housing deficit.

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