Puerto Rico needs clear public policy that leads to a solution to the housing problem, the implementation of rules and design criteria that respond to the market, and locating new builds in low-risk areas with easy access to health services.
Developer McCormack Baron Salazar, in a public-partnership with the Puerto Rico Department of Housing, unveiled the new $41.3 million Bayshore Villas mixed-income apartment community in Old San Juan, near Bahía Urbana.
Research-based global biopharmaceutical company AbbVie will donate $100 million to two organizations, Direct Relief and Habitat for Humanity International, to strengthen access to healthcare and housing in Puerto Rico.
The U.S. Department of Housing and Urban Development announced the allocation of $151.5 million in annual funding to the housing authority in Puerto to help make needed capital improvements to the agency’s properties.
The Heart of Florida United Way is launching a program designed to help working families who have relocated to Central Florida due to Hurricane María overcome one of the barriers to securing stable housing.
The U.S. Department of Housing and Urban Development (HUD) awarded a record $18.5 billion to support long-term disaster recovery in Puerto Rico following Hurricane María.
Citi Community Development and four Department of Housing and Urban Development-approved housing counseling organizations announced today an initiative to provide urgently-needed housing assistance in Puerto Rican communities affected by Hurricane María, the company announced.
The Federal Emergency Management Agency confirmed Tuesday it has approved the Puerto Rico government’s request for an extension of the Transitional Sheltering Assistance Program through Mar. 20.
The Federal Emergency Management Agency and the government of Puerto Rico announced that Transitional Sheltering Assistance is available to Puerto Ricans who are unable to return to their homes because they are displaced as a result of Hurricanes Irma and María.
Airbnb activated Sunday its Disaster Response Program to aid Puerto Ricans forced to evacuate from their homes in connection to Hurricane Irma as well as relief workers arriving to provide assistance, the company announced.
The Puerto Rico Department of Housing and housing developer McCormack Baron Salazar Inc. announced the closing of some $41.3 million in financing for what they call “the next major milestone in Puerto Rico’s affordable housing transformation effort.”
USDA Rural Development Under Secretary Lisa Mensah announced Thursday grants to preserve and repair affordable housing for very-low and low-income families living in rural areas.
While Puerto Rico’s mortgage market has seen a serious decline of about 50 percent since 2007, FirstMortgage has sought to maintain its position by implementing a few strategies, including zeroing-in on towns outside the San Juan metropolitan area.
The Federal Home Loan Bank of New York announced Thursday it has awarded $27.1 million in subsidies to fund 35 affordable housing initiatives throughout New Jersey, New York, Connecticut, Maryland and Pennsylvania.
Puerto Rico’s contractors, developers and representatives from the Housing Finance Authority will pursue some $400 million in federal credits available to build rental properties on the island.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
NIMB ON SOCIAL MEDIA