The United States Overseas Private
Investment Corporation (OPIC) says it has launched a mortgage
programme that will help up to 4,000 families in Haiti.
OPIC said the initiative will combine loans from OPIC and grants from other groups and the money awarded will include US$1,000 mortgages. Financing will also be given for home repairs.
Haiti is still recovering from the 2010 earthquake that killed an estimated 300,000 people and left more than a million others homeless. The French-speaking Caribbean Community (CARICOM) country has said that many people are still in need of housing.
Home financing is relatively new to Haiti. Most of the population is unemployed or underemployed and banks seldom offer loans to people except the country's small elite.
Most Popular Stories
- Updates on Everglades' Stranded Pilot Whales
- Stolen Cobalt-60 Recovered in Mexico
- Hezbollah Chief's Assassination Claimed by Sunni Group
- Wind Power and Wildlife Can Coexist
- Sarmiento to Handle Greeley Latin Ops
- Ford Mustang Still Packs Power
- Allstate Seeks to Invest in Minority Firms
- First-time Jobless Claims Drop Below 300,000
- White House Pushes to Extend Unemployment Benefits
- Elizabeth Warren Ends 2016 Presidential Rumors