Promotion of housing will be effective

Regulations pending for the implementation of Law 189-11 for the development of the mortgage market and the trust in Dominican Republic are of vital importance for the construction of affordable housing and, also, that part of the pension funds are used in this type of investment.

But it would be interesting for the Monetary Board to issue a resolution that a proportion of the reserve requirement give the promoters as a loan internal long-term rates conditions already laid down.

The view is the construction entrepreneur Rafael Bisonó.

President Bisonó Builder and big Builder of houses in the country, before graduating in civil engineering in 1957, says Law 189-11 has several aspects, but the first thing is to "be adopted definitively regulations that do not end adopted".

In this way build the trust, the fedeicomiso, and the houses u000aup to Rd $2 million are exempt from payment of Itbis, building materials and municipal permits, the transfer of housing internal revenue and eventually with the help of the Government can implement the bono-tierra.

Through the bono-tierra the Government gave land for the construction of housing in economic.

Through the decree issued by the Government in 2009, a large number of families benefited between 10% to 12% in the reduction of the cost of construction of your home.

Bisonó argues that they receive the acquirers the Itbis exemption regardless of the benefit is of sum importance to developers and the industries that produce steel, cement, pipes, health, ceramics and other materials, "go hand in hand with builders, because nothing makes the Government with such a decision if there is no control on the rise in prices".

Builder pointed out that everyone wants to sell u000aand the benefits come from volumes, not high price.

Set of example, the case of a company that offers a 10% discount on the concrete for that kind of economic projects, which should be emulated by other industrial will benefit for customers, which rendundará in a major sale of houses and also materials.

Believes that anyone who can work to benefit people of lower class and lower middle, the poorest in the country, so that may have a well built home in a decent area and basic services, "as professional must do so, because it is the only way that a poor acquires an own roof".

For the Builder, would be important that the authorities set up a mechanism that allows the setting of the mortgage interest rate during the life of the financing or at least be established sections for certain periods which could start by setting a u000apercentage in the first six years, eight or ten years, because it is one of the issues that most affect the acquirers.

To speak to LISTÍN DIARIO constructor believes that almost always families purchase money to pay for the initial of a dwelling, and the problem comes with the monthly payment when modify you the quotas by interest rate hikes. He cited a wise phrase of extinct President Joaquin Balaguer, who was defined by massive buildings throughout the country, in the sense that a family access to housing is not a luxury but a necessity, which defends fully because it is what consolidates and connects to the families.

Argued that in terms of building permits and the collection of titles, it has improved, and although it takes a more personal in the record of titles "is is doing a commendable job, supported by the Supreme Court of Justice".

Revealed that this month there will be a meeting u000atogether with the Dominican Chamber of construction for the exchange of ideas on the subject.

Pension funds
the President of the construction company Bisonó stated that the best guarantee of investment of pension funds is the mortgage for the House, by what it considers ideal that its application in agreement with the trust that is formed to manage projects, housing developers and financial institutions, to reach agreement so that the funds are applied for low-cost houses during the life of the loan.

Thanked the Monetary Board and Governor Hector Valdez released a part of the reserve requirement for the sector, but hoped that that would continue so that it delivered the sponsor as interim loan, providing guarantee of life to the financial institution and acting credit to become long-term, and so the money will be available.

La Constructora Bisonó has developed projects in all u000athe country (Santo Domingo, La Vega, Azua, Barahona, Moca, Santiago, flints).

En Santo Domingo was built Las Caobas, the gardens of the North, between others like Ciudad Real, in the avenida Republic of Colombia; Beautiful city, city of gardens, Villa de los Milagros, El Dorado, and the Beatitudes.

City REAL II
in the city Royal II, Bisonó Builder project build 4,500 homes of various types, ranging from 89.37 sqm up 202.31 m2. Apartments type C separation can be done with RD$ 50,000 and if they are of the type A, A1 and A2, are separated with RD$ 100, 000. Funded with the people's Bank and savings associations

Prices range from RD$ 2.1 million to RD$ 4.5 million.

The model of the construction of the project includes a church that is almost finished, and the Institute of Ciudad Real, which is a school for young people who receive primary education and secondary.

City Real II is also u000aready a shopping centre which will operate the Bravo supermarket, pizzeria and other businesses. Energy is in the national interconnected electricity system and water service is permanent, because it makes your own tank and plant treatment.

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