Brazil project 512-0264 · 1968 · housing, urban and municipal infrastructure

HOUSING GUARANTY PROGRAM EXTENDED TO BRAZIL'S NATIONAL HOUSING BANK (BNH) TO FINANCE HOUSING CONSTRUCTION IN URBAN AREAS. THE GUARANTY WILL ASSURE AGAINST LOSSES OF UP TO 100% OF LOAN INVESTMENTS MADE BY US INVESTORS TO BNH. THE BNH, IN TURN, WILL PROVIDE LINES OF CREDIT FOR PILOT DEMONSTRATION, LOCAL PARTICIPATION, AND MORTGAGE CREDIT INSTITUTION HOUSING PROJECTS. THE APPROVED HOUSING PROJECTS ARE: 1) 650 SEMI-DETACHED, EXPANDABLE, TWO-BEDROOM HOUSES TO BE LOCATED IN A SUBURB OF SAO PAULO; 2) 1,150 SEMI-DETACHED EXPANDABLE TWO-BEDROOM HOUSES IN A SUBURB OF RIO DO JANEIRO; 3) 776 DETACHED, TWO AND THREE-BEDROOM HOUSES TO BE LOCATED IN A PLANNED SATELLITE COMMUNITY ON THE OUTSKIRTS OF SAO PAULO; 4) 3,067 ONE AND TWO-BEDROOM DETACHED HOUSES IN VOLTA REDONDA, SITE OF THE NATIONAL STEEL COMPANY; 5) GENERAL MORTGAGE RE-LENDING BY ECONOMIA, S.A., A CREDIT INSTITUTION IN BELO HORIZONTE; AND 6) GENERAL RE-LENDING BY MINAS OESTE, S.A., ANOTHER CREDIT INSTITUTION LOCATED IN BELO HORIZONTE. THE FIRST FOUR PROJECTS, WHICH ARE IN THE LOCAL PARTICIPATION CATEGORY, ALL HAVE UNIT SALE PRICES UNDER $6,500. THE LAST TWO CREDIT INSTITUTIONS WILL CONDUCT RE-LENDING FOR HOUSES WITHIN THE $5,000 PER UNI

Source: DEC abstract, PD-AAA-301-B1 (1968). The source's own text.