Kicillof presented a loan program for housing renovation and expansion

Kicillof presented to mayors credit program for housing renovation and expansion


The governor of Buenos Aires, Axel Kicillof, affirmed this Monday, when presenting a credit plan for refurbishing and expanding homes at a zero ratethat “in commemoration of the 70th anniversary of Eva’s passage to immortality, the best tribute to Eva Perón is to continue working for the well-being of our people“.

“When there is a need, some see a cost and grab the calculator, when there is a need we don’t grab the calculator, we use our hearts and say that there is a right”, Kicillof said remembering the phrase pronounced by Eva Perón.

Kicillof made these statements during an act at the Buenos Aires Government House, in La Plata, in which he presented to the Buenos Aires mayors the CREA plan that grants credits for reform, renovation and expansion of homes, which was already exhibited inside county last week.

The Buenos Aires president explained that It is estimated that there are 1,800,000 Buenos Aires families with housing access problems, out of a population of 17 million inhabitants.

Kicillof presented the event together with the Buenos Aires deputy governor Vernica Magario and the provincial Minister of Habitat and Urban Development Agustin Simone Photo Eva Cabrera
Kicillof presented the speech together with the Buenos Aires deputy governor, Verónica Magario, and the provincial Minister of Habitat and Urban Development, Agustín Simone (Photo: Eva Cabrera).

He remembered that while the 1947 census revealed that 3 million people lived in the suburbs of Buenos Aires and 3 million in the City of Buenos Aires, “today the numbers indicate that 3 million people continue to live in the City of Buenos Aires, but in the suburbs from 3 to 13 million, that is, it was multiplied by 4”.

“When talking about housing problems, sewers, services, it must be taken into account that while in the neighboring City of Buenos Aires the population remained stagnant, in the Conurbano it multiplied by 4,” he remarked.

Kicillof also recalled that “in ’88 the province of Buenos Aires ceded part of the resources it contributes to the rest of the country so that in other jurisdictions there would be the possibility of generating opportunities and curbing migration (to the suburbs).”

“The Province contributes 40% but receives 22. It exalts us because the co-participation has a solidarity element and the prosperous jurisdictions give resources but this has been disproportionate for the province of Buenos Aires, we gave a mass of resources that prevents us from giving answers in infrastructure long time”he pointed out.

Kicillof also recognized that “it is not just a problem of resources, sometimes the resources are there, as in the previous administration, but they are used for something else.”

The president explained that “of those 1,800,000 households with housing problems, when we break it down we see that 60% do not have a home, but 60% have homes that are not in good condition, that lack floors, ceilings , which are precarious homes, without access to electricity, sewers or water”.

He explained that “For those who have housing problems, we have launched and we already have 8,000 homes in progress from the Housing Institute alone, and if we add national plans to this, without a doubt this year we will have a growth in the supply of housing production capacity as rarely there was”.

“From the Housing Institute we decided to expand the universe that requires access to land, but it will not only focus on expanding the supply of new housing but also on improving and expanding existing homes, which will change the lives of many and many people from Buenos Aires,” Kicillof pointed out.

Photo Eva Cabrera
(Photo: Eva Cabrera).

The governor stated that “there is a failure in the market, in access to credit destined for the possibility of renovation or expansion, so what had to be designed was to put together a specific improvement program that is CREA.”

Kicillof presented this credit plan together with the deputy governor of Buenos Aires, Verónica Magario, and the provincial Minister of Habitat and Urban Development, Agustín Simone, who explained that In a first stage “50,000 loans will be granted at a 0% interest rate, which they estimate will generate 16,000 jobs, with an investment of $20,000 million”.

“There is a credit line designed for small and large parts and a second line for extensions, with a fee of between 5 and 10 thousand pesos, with amounts to lend of up to 740 thousand pesos,” Simone said.

For his part, Kicillof stressed that the quota adjustment method “has a ceiling: the value of the quota can never grow more than wages and that is in the resolution of the program, it is adjusted below the rate of growth of wages”.

Photo Eva Cabrera
(Photo: Eva Cabrera).

In addition, he asked for collaboration from the communal chiefs “to help the largest number of people to register and support them because as the disbursement is made, progress must be seen.”

He stressed that this line of credits will boost the economy in terms of employment and trade, since each peso multiplies, there is a multiplier effect, which allows it to continue working.”

“In the commemoration of the 70th anniversary of Eva’s passage to immortality, I have been invited to participate in many tributes, but the best tribute to Eva Perón is to continue working for the well-being of our people,” he concluded.

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