Kast Presents Project to Facilitate Access to Housing and Calls on Congress to Support the Initiative
4 Articles
4 Articles
Among the main measures of the initiative is the creation of the National Housing Fund (FONAVI), aimed at acquiring mortgage loans originating from financial institutions.
"We need a Chile of owners, more than a Chile of tenants," said President José Antonio Kast.
Kast presented in Cerro Castillo a package of 30 measures. The Fonavi will buy first-rate mortgages and seeks to lower rates in three to four years.
The Capital Market Reform Bill provides for the creation of the FONAVI fund for up to US$2 billion and a 3% state subsidy to complete the housing floor, together with incentives for business investment.
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