One of the founding partners, a board member, and the group president of iPoint Capital, Hilt Tatum IV, oversees day-to-day operations. He spots and analyzes investment opportunities in venture capital and private equity. Hilt Tatum IV also serves Impact Housing Corporation as CEO. Impact Housing Corporation produces affordable homes in Panama – homes that are eligible for the Solidarity Housing Fund.
Providing its residents with social housing is one of the most significant challenges faced by the government of Panama. Housing is such a priority that the government included it as a substantial part of the Strategic Government Plan 2015-19. This initiative will use incentives and private sector partnerships to construct 125,000 homes. One incentive program under this scheme is the Solidarity Housing Fund (Fondo Solidario de Vivenda or FSV). Under the FSV, the government will cover up to 20 percent of the home’s value. Households with a family income below $1,200 per month become eligible for an incentive under the FSV amounting to $10,000 for a home costing $50,000. An approved home mortgage will cover the remaining $40,000 at a zero percent interest rate. The housing unit must be the family’s first home and constructed in an area not larger than 50 square meters. The FSV is under the oversight of the Ministry of Housing and Land Management (Ministerio de Vivenda y Ordenamiento Territorial or MIVIOT).
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AuthorHilt Tatum is CEO of Oxford Consulting Group - International business consulting Archives
December 2019
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