President Piñera awards housing subsidies to middle class families: “Today they can make their dream of owning their own home come true”.
The program will benefit 8,315 families across Chile. Most of the beneficiaries in the Metropolitan Region are from the municipalities of Puente Alto, Maipú and La Florida.
On Sunday, President Sebastián Piñera awarded 3,174 housing subsidies to middle class families from the Metropolitan Region. The subsidies can be used to buy a new or used home in an urban or rural area or to build a house.
The program will benefit 8,315 families across the country and forms part of the Protected Middle Class Network program that the President announced in May. It seeks to provide direct support to Chileans who need help to acquire permanent housing.
“All Chileans dream of owning their own home, and today that dream can come true”, said the President at the Central Court of the National Stadium in Ñuñoa, Santiago, where the subsidies were presented to the beneficiaries.
Seventy-two percent (2,282) of Metropolitan Region recipients are women. The subsidies represent an investment of just over 34 billion Chilean pesos.
Most of the beneficiaries in the Metropolitan Region are from the municipalities of Puente Alto, Maipú and La Florida.
“The Protected Middle Class Network program is at the heart of our government. It gives the middle class more opportunities to get ahead”, the President added. He was accompanied by Housing and Urban Development Minister Cristián Monckeberg and Social Development and Family Minister Sebastián Sichel.
The Piñera administration increased the number of housing subsidies granted to members of the middle class to 19,000 in 2019 and the total investment to 200 billion Chilean pesos.
Work on 146 new housing projects will begin this year with a focus on social integration. The subsidies will allow 24,840 middle class families to access socially integrated and established neighborhoods.