BanderasNews
Puerto Vallarta Weather Report
Welcome to Puerto Vallarta's liveliest website!
Contact UsSearch
Why Vallarta?Vallarta WeddingsRestaurantsWeatherPhoto GalleriesToday's EventsMaps
 NEWS/HOME
 EDITORIALS
 ENTERTAINMENT
 VALLARTA LIVING
 PV REAL ESTATE
 CONDOS FOR RENT
 HOMES FOR RENT
 CONDOS FOR SALE
 HOMES FOR SALE
 LAND FOR SALE
 ABOUT VALLARTA LIVING
 HOME OWNERSHIP INFO
 FINANCING OPTIONS
 ABOUT TITLE INSURANCE
 REAL ESTATE FAQS
 VALLARTA REALTORS
 MEET THE AGENTS
 PHOTO GALLERIES
 PUERTO VALLARTA MAPS
 TRAVEL / OUTDOORS
 HEALTH / BEAUTY
 SPORTS
 DAZED & CONFUSED
 PHOTOGRAPHY
 CLASSIFIEDS
 READERS CORNER
 BANDERAS NEWS TEAM
Sign up NOW!

Free Newsletter!

Puerto Vallarta News NetworkPuerto Vallarta Real Estate 

Mexico Secures $500M Loan for Housing Projects
email this pageprint this pageemail usMENAFN
go to original
July 20, 2010



The Inter-American Development Bank (IDB) provided $500 million in loans to Mexico for housing projects, Reuters reported.

The bank said in a statement that the money, as part of a conditional credit line of $2.5 billion the IDB approved for Mexico in 2008, will be invested in building sustainable houses with low greenhouse gas emissions.

Meanwhile, the credit will be used to support Mexico's mortgage market to lighten the housing delay and aid the poor.

The 25-year loan, with a 5-year grace period, has an interest rate based on the London Interbank Offered Rate (LIBOR), said the bank.



In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving
the included information for research and educational purposes m3 © 2009 BanderasNews ® all rights reserved carpe aestus