News Column

US Agency Announces New Initiative to Help Haiti

Feb 26, 2013

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.



Source: (C) 2013 BBC Monitoring Americas. via ProQuest Information and Learning Company; All Rights Reserved


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