Tuesday, April 15, 2008

New U.S. Backed $500 Million Mortgage Program: In Palestinian West Bank.

A new $500 Million mortgage company [AMAL] has been established to help construct up to 30,000 housing units in the Palestinian West Bank over the next five years, according the news release HERE from the U.S. backed Overseas Private Investment Corporation (OPIC).

OPIC will make up to $250 million in federal loan guarantees available for the program.

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