Particle.news
Download on the App Store
4 ARTICLES
·
last mo.

Buenos Aires Launches Housing Plan for Middle Class and Police With Subsidized Loans

The move shifts housing funds to subsidized homebuilding for middle-income buyers, including city police.

Adiós okupas: recuperaron un predio tomado por 20 años y construirán casas para la clase media
La Ciudad construirá viviendas en un predio recuperado.
Durante la presentación, el jefe de gobierno habló del "abandono al que estaba sometida la Ciudad".

Overview

  • The Buenos Aires government, which announced the program Thursday, set a three-year goal to build 379 homes split across Villa Soldati (190), Constitución (136), and Parque Chacabuco (53).
  • The plan assigns about 13.171 billion pesos this year and uses a Parque Chacabuco lot the city says it recovered after more than 20 years of occupation.
  • Banco Ciudad will offer UVA-indexed mortgages for city police at a fixed 7% nominal rate with payments capped at 25% of net income.
  • Other residents get a city interest subsidy that lowers offers to about 7.5% plus UVA, and a first-home line reaches up to 150 million pesos over 20 years.
  • Officials said the housing agency will shift from shantytown upgrades toward new builds and credit access, noting that only 5,350 of 30,587 officers live inside the city.