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Residencial nuevo de apartamentos en un barrio caribeño durante una entrega de viviendas a familias
Imagen alusiva a la entrega de la primera etapa del Residencial Las Acacias I, en Santo Domingo Este. · Erick Prometeo Media

Abinader hands over 97 Las Acacias I apartments to families in Santo Domingo Este

President Luis Abinader handed over 97 apartments from the first stage of Residencial Las Acacias I, in Santo Domingo Este, within a 1,264-home project with…

--- The context --- President Luis Abinader led this Saturday the handover of 97 apartments corresponding to the first stage of Residencial Las Acacias I, located in the El Tamarindo sector of Santo Domingo Este. The initiative expands access to decent housing for more than 388 people and helps reduce the country's housing deficit. The handover is part of a larger residential project, developed through collaboration between the Government and the private sector, which contemplates the construction of a total of 1,264 homes when all its stages are completed. --- The facts --- The Minister of Housing, Habitat and Buildings (MIVHED), Jean Luis Rodríguez, explained that this handover represents an advance within the residential project. The development is executed through the Fonvivienda Trust, is part of the Mi Vivienda Program, and has an approximate investment of RD$321 million. Of that amount, RD$204 million corresponds to estimated private investment and RD$117 million to subsidized contributions or public investment, a mixed structure that combines State resources with private capital. Miguel Ramos, executive vice president of Corporate Business at Banco de Reservas, highlighted that the handover of the keys will allow 97 families to have a home of their own. He reported that Banreservas financed the apartments with more than RD$200 million, at a fixed interest rate of 8 % per year for seven years, and noted that the bank supports the Government's housing policy to facilitate access to housing for the sectors that need it most. --- The positions --- For his part, Diego Reyes, representative of the construction company DERCO, SRL, stated that the support of President Luis Abinader's Government helps more families acquire a home of their own. The president was accompanied by the governor of the Santo Domingo province, Lucrecia Santana, and the mayor of Santo Domingo Este, Dio Astacio, along with other authorities of the district. --- What remains unknown --- The delivered units have three bedrooms, two bathrooms, a living room, dining room, kitchen, balcony, laundry area and one parking space per apartment; some first-level homes also have a terrace and patio, and the residential complex includes green areas and recreational spaces. The source does not detail the schedule for the remaining stages of the project or the selection criteria for the families benefiting from this first handover. --- Unanswered questions --- When will the next stages be delivered until the planned 1,264 homes are completed? What criteria defined the 97 beneficiary families of this first stage? Will the fixed rate of 8 % per year be maintained in the following phases of the project? --- EPM analysis --- The first stage of Las Acacias I tests the collaboration model between the Government and the private sector applied to housing: the trust provides the structure, the public subsidy lowers the entry barrier, and the state bank fixes the cost of credit for seven years. 📌 EPM Take: In EPM's view, the value of this handover lies not only in the 97 homes, but in the formula that made them possible: mixed investment with declared public and private amounts, financing at a known fixed rate, and a trust that orders the execution. That transparency in the figures is what allows the program to be judged with data rather than promises. The commitment that remains on the table is equally measurable: completing the announced 1,264 homes and publishing the criteria used to choose each beneficiary family.
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