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.
The U.S. Department of Agriculture recently granted Puerto Rico $153,345 to help rural families repair and rehabilitate their homes. The funding is included in a global $4.8 million the agency is doling out nationwide, U.S. Agriculture Secretary Tom Vilsack announced.
The accelerated rate at which Puerto Rico is losing population — particularly the younger, productive segment — is placing significant pressure on the island’s housing market, which continues to experience ongoing decreases in sales and rental activity.
Metropolis Apartments, a new, 185-apartment building in the heart of Hato Rey, was officially inaugurated Tuesday to offer social-interest housing opportunities for the next 30 years.
Agriculture Acting Under Secretary Doug O’Brien announced the availability of more than $33 million to provide safe and affordable housing for farm workers and their families through the Farm Labor Housing Program.
Some 10,000 low- and moderate-income families residing in Puerto Rico stand to benefit from the “Ahorro Hipotecario” program, which offers mortgage-refinancing opportunities through the Housing Finance Authority, Gov. Alejandro García-Padilla said Tuesday.
The head of the Homebuilders Association, Roberto Trápaga, warned Wednesday that funds that fuel the successful “Mi Casa Propia,” a government assistance program that provides mortgage assistance to working people with limited resources, are practically tapped out.
The Federal Home Loan Bank of New York announced Wednesday the award of a $400,000 grant to Pathstone, Inc. to help finance the Valle Dorado project, which will construct a new building providing 32 affordable homes for very low-income seniors in Utuado.
The towns of Yabucoa, Guayama and Guayanilla will receive a combined $138,982 from the U.S. Department of Agriculture’s Rural Development's Housing Preservation Grant program to make housing repairs and improve housing conditions for limited income rural residents, the agency announced Tuesday.
On the heels of a good third quarter, FirstBank executives are looking to capitalize on a “cleaner balance sheet” to continue strengthening and growing its franchise on all fronts in Puerto Rico, the U.S. Virgin Islands and South Florida.
Puerto Rico’s mortgage bankers and housing developers raised a red flag Tuesday to warn about the potentially devastating effects of a recently enacted federal regulation that sets new parameters that could make it difficult for would-be island home buyers to qualify for loans starting next year.
The U.S. Department of Agriculture is accepting applications for grants to help low- and very-low-income rural residents repair their homes.
The Municipality of Guaynabo is setting aside $85 million to build a 200-room hotel adjacent to the Mario Quijote Morales Coliseum, Mayor Héctor O’Neill told this media outlet last week.
Salinas is the town with the highest level of preschool or nursery school enrollment, while Dorado has Puerto Rico’s highest level of residents holding at least a bachelor’s degree, according to the recent American Community Survey released Thursday by the U.S. Census Bureau.
In very few elections will the economy be so present in the minds of Puerto Rico voters as in the one coming up Nov. 6.
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