Housing Finance and Business-Repair Project for Haitian Earthquake Nears Realization
February 26, 2013
(OPIC)
PORT-AU-PRINCE, Haiti – A project poised to
deliver affordable home finance and business
repair loans to more than 4000 Haitian families
affected by the 2010 earthquake moved a step
closer to reality today with the signing of a
loan agreement between the Overseas Private
Investment Corporation (OPIC) and a U.S. small
business.
Combining $17 million in financing from OPIC, a
$6 million grant from the U.S. Agency for
International Development (USAID), and $3
million from the Clinton Bush Haiti Fund, the
Haiti Housing Facility will create three new
loan products for low-income borrowers, to be
made available through Haitian non-bank
financial institutions. OPIC first
announced the project in October 2012.
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