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View Full Version : Pension funds qualify 305,000 for mortgages



NewsWhore
10-25-2006, 08:00 PM
According to Pension Funds Superintendent Persia Alvarez, 305,000 employees now qualify for housing financed by funds from the pension fund pool. These people earn more than two minimum salaries, or more than RD$10,000 per month. The superintendent's office has identified 15,252 employers with 305,512 employees who qualify for these home loans. The pension funds in the Dominican Republic have RD$31.55 billion in cash, and through the National Housing Bank (BNV), housing developments are being processed for sale to workers.

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