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To safeguard the fiscal stability of Puerto Rico and promote its competitiveness in order to transform our economy into one of the most developed economies in the world, hence, fostering the social and economic enhancement of our people.
November 18, 2016 - Commonwealth of Puerto Rico - Current Liquidity Situation and Implications
 
November 17, 2016 - Treasury Department: First Four Months of FY 2017 Ended on a Positive Note
 

November 16, 2016 - García Padilla Administration Encourages Citizens to Access Public Financial Information

 

 
November 16, 2016 - Economic Activity Index of the Fiscal Agency and Financial Advisory Authority for September 2016
 
October 14, 2016 - Commonwealth of Puerto Rico Fiscal Plan
 
 
 
 
Press See older Press Releases
Titles Property Notices Position Openings Investor Presentation
Features Investor Presentation
Puerto Rico Fiscal Agency and Financial Advisory Authority

 

On October 14, 2016, the Puerto Rico Fiscal Agency and Financial Advisory Authority ("FAFAA" or “AAFAF”, in Spanish) presented the Commonwealth of Puerto Rico Fiscal Plan to the Puerto Rico Fiscal Oversight Board (the “FOB”). On November 18, 2016, AAFAF also submitted to the FOB the report Commonwealth of Puerto Rico Current Liquidity Situation and Implications prepared by the firm Conway MacKenzie.

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José M. Berrocal Institute for Economics and Finance

José M. Berrocal Institute for Economics and FinanceThe José M. Berrocal Institute for Economics and Finance is a GDB subsidiary created to complement the Bank's mission of promoting economic development by providing specialized training on the theory and practice of public finances and economics to talented young professionals in order to attract them to join the public service. An eight-week Summer Internship Program is the Berrocal Institute’s main initiative towards this goal. To find out more about the Berrocal Institute, visit the Institute’s webpage.

This presentation features the Berrocal Institute’s historic background and mission, as well as the objectives, structure, requirements and calendar of its Summer Internship Program.

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The Municipal Finance Corporation, known by its Spanish acronym COFIM, is a newly created public corporation and instrumentality of the Commonwealth of Puerto Rico, attached to the Government Development Bank. COFIM is authorized to issue bonds and use other financing mechanisms to pay or refinance, directly or indirectly, in whole or in part, the debts of the municipalities of the Commonwealth payable or backed by the 1% municipal sales and use tax.

COFIM was created pursuant to Act 19 of January 24, 2014, which contemplates a new collection method for the 1% municipal SUT that will become effective on September 1, 2014. COFIM will be responsible for running the development of an integrated collection structure that will guarantee funds are received and provide detailed information about such funds. As part of this effort, a group of municipalities will form part of a pilot program for filing new municipal SUT returns and paying the municipal SUT.

Read a Fact Sheet about COFIM and the new collection structure.

For more information on the Municipal Finance Corporation as an entity attached to the GDB, visit the COFIM webpage in the GDB website.

Merchants, you may file the Municipal SUT return and make payments through COFIM's new website at www.cofim.pr.gov.

Press Release: COFIM Extends Due Date to File and Pay the Municipal SUT for 32 Municipalities Integrated to COFIM's New Collection Structure (in Spanish)

Important notice about COFIM

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Mortgage Loan Insurance Program (Act 87)
Mi Casa Propia
In order to incentivize the refinancing of properties, Act 129-2014 amended Act 87 of 1965 to establish incentives for the payment of internal revenue stamps and registration vouchers required when obtaining a mortgage loan.

Act 129 allows that deeds of mortgage for refinancing of properties under the Mortgage Loan Insurance Program be exempted, through the Ahorro Hipotecario product, from payment and cancellation of internal revenue stamps and vouchers required by law in the execution of public documents. In addition, for deeds of cancellation of preferred mortgages, a 50% exemption from payment of internal revenue stamps and vouchers is granted. For more information about the Ahorro Hipotecario product, contact your preferred mortgage bank or credit union.
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PRHFA - 2011-2018 Strategic Plan (in Spanish)

2016 Low Income Housing Tax Credit Allocation Plan (Final)

 

Puerto Rico Housing Financing Authority Housing Rental under Section 8 Program: (in Spanish)

-Notice to Landlords

-Form

Third Amendment to Regulations on Insured Mortgage Reserve (in Spanish)

HOME Program (HUD)

Direct Buyer Assistance (HOME Program) (in Spanish)

List of Repossessed Properties

Other PRHFA Notices

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     December 2016