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Land Bank and Housing Infrastructure
The project considers the participation of Desarrollo País in the Emergency Housing Plan (PEH) promoted by the Ministry of Housing and Urban Development in Chile, with the purpose of acquiring land suitable for housing and transferring it to the Housing and Urban Development Service (SERVIU) for the construction of housing projects aimed at reducing the housing deficit in the country.
Location
Can be located anywhere in the country
Surface
Throughout Chile
Investment
Up to $300,000,000,000,000
Benefits
- Reduce the housing deficit in Chile, which would give many families access to decent housing.
- Expand housing supply through public-private partnerships.
- Play a part in social integration and territorial equity.
- Housing plan can boost job creation and local economy
Business Model
Land acquisitions can be conducted through direct sales or through expropriation ordered by the Ministry of Public Works on behalf of and for Desarrollo País, in accordance with Article 14 of Law N°21,082. Desarrollo País is expected to be able to purchase the land and sell it to SERVIU within three years, an operation that would generate some return on investment for the Company. Desarrollo País is expected to, together with the purchase of the land, enter into Promise to Purchase Contracts with SERVIU.
+56 2 3251 0330
Suecia 0155 of. 1101, Providencia, Santiago, Chile
Desarrollo País / Fondo Infraestructura S.A.