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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