BC has disbursed RD$689.7 million of legal reserve resources for low-cost housing

The Central Bank reported that as of March 15, 2023, financial intermediation entities have placed financing for low-cost housing for a value of RD$689.7 million, as part of the resource release program approved by the Monetary Board in January 2023. , whose total authorized amount is RD$21,424.0 million, disbursements beginning in February of the current year.

Of the total resources disbursed, RD$540.7 million have been allocated to the acquisition of low-cost housing, benefiting 214 families, for an average value disbursed of RD$2.5 million per house.

The remaining amount, RD$149.0 million, corresponds to six interim loans for the construction of low-cost housing. Of the amount of resources disbursed, amounting to RD$689.7 million, a total of RD$347.1 million has been placed by savings and loan associations, RD$335.8 million by commercial banks and the remaining RD$6.8 million by savings and credit banks.

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