NewsWhore
07-05-2007, 04:30 PM
The press is correcting that the 4,000 dwelling Ciudad Profesor Juan Bosch would be located in Santo Domingo province, not in Santiago. The dwellings would be built by the government on property that is east of the San Isidro Air Base. The complex would encompass single family homes of one floor, two floors, and four-floor apartment buildings with two dwellings per floor. Diario Libre doubts that the announcement that the dwellings would benefit Social Security affiliates will happen because the level of earnings of these are not high enough for them to qualify for the loans for even the lower costing RD$600,000 dwellings. Diario Libre analyzes that a mortgage of RD$500,000 on such a home would require a monthly payment of RD$10,000, and a minimum family income of RD$40,000. The average wage of Social Security affiliates is under RD$12,000, according to the Superintendence of Pensions.
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