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.
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.
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Source: HaÃ¯ti LIBRE