Real Estate Development – For Sale Projects
The Puerto Rico Housing Finance Authority, was created pursuant to Act No. 103, approved on August 11, 2001. The Authority has the power to issue bonds and notes for any of its corporate purposes and to grant direct loans, insure loans and purchase loans, including mortgage-backed securities, from private lenders for the construction, improvement, reconstruction, rehabilitation, enlargement or repair of housing for persons and families of low or moderate income. The Authority is exempt from the payment of any taxes on its revenues and properties.