Crime
Slain Bank Chairman Would Have Launched Haiti's First Public Mortgage Program
- Monday, June 13, 2011 3:06 PM
PORT-AU-PRINCE, Haiti - Guiteau Toussaint the slain Chairman of the Board of Directors for the National Credit Bank would have launched on Tuesday the first public mortgage program in Haiti.
According to Haïti LIBRE , the mortgage program know as "Kay Pam" was to work within the framework of the reconstruction of Haiti.
It was announced in March by the Interim Haiti Reconstruction Commission (IHRC) that a major new initiative totaling $77 million USD would bring the first public mortgage program to Haiti in its history.
The program was two parts, to support neighborhood reconstruction and home financing. $47 million of those funds, supplied by the Clinton Bush Haiti Fund would have gone to Haitian banks, to provide them the liquidity necessary to make the loans to Haitian families.
President Michel Martelly was expected to be at the launching of Kay Pam on Tuesday.
It was early Monday that the President of the Board of Directors for the National Bank of Credit, Mr. Guiteau Toussaint was shot at his residency in Vivy Mitchel County, P-au-P, Sunday night, by unidentified and armed individuals.
Related 06.13.2011: Chairman of Board of Directors for National Credit Bank Murdered
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Related 06.09.2011: IDB Rep in Haiti Announces Plan for 2,000 Homes and 250,000 Jobs
Related 04.21.2011: U.S. AID Contracts Don't Go to Haitian Companies, At All
Related 03.01.2011: Government Establishes First Public Mortgage Program
Source: Haïti LIBRE
