Regulatory Alerts2015-09-07
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Circular Letter - Housing Loans
The Central Bank of Haiti issued Circular Letter #06 to facilitate post-earthquake reconstruction by reducing the cost of housing credit. The directive exempts all Gouda resources used for qualifying residential and mixed-use housing loans from mandatory reserve requirements and raises the sectoral credit concentration limit to 50%. This exemption applies to loans originated after August 1, 2010, as well as healthy pre-earthquake loans restructured after January 12, 2010.
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