Puerto Rico Government approve a housing incentive program

Capitolio webpostPuerto Rico Government approve a housing incentive program.

The legislature approve the law # 34 , a housing incentive program effective on July 2013, the purpose of these was to provided a more accessible program to families of lower income to acquired an existing or new housing, also tried to maintain active the actual slow real estate market in Puerto Rico . The project also make a new disposition on the communities service hour to be more accessible and flexible when the buyer take the incentive.

The program applies to new homes and existing homes. The top selling price is 200,000. The incentive for closing cost would be 3% of the selling price.

To qualified under this program, the buyer maximum income cant exceed  60,000, be a permanent legal resident of Puerto Rico for at list one year. Two unit property qualified for these program.