$66.3 million interest subsid for housing loans for one yea. Loans granted via the Public Corporation for Housing

Parliament has approved the allocation of LL100 billion ($66.3 million) to subsidize the interest rates of housing loans for one year.

The loans eligible for the subsidies are those that are provided through the state-owned Public Corporation for Housing (PCH) and that target low and middle-income people. Borrowers can expect to pay around 3.74 percent interest. PCH loans have a ceiling of $180,000.

The value of the subsidy corresponds to loans worth some LL1,000 billion ($663 mill...

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