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Santo Domingo.- President Luis Abinader led the delivery of 1,099 property title certificates that benefit more than 4,000 people in the Villa Linda, Palmarejo, and Pantoja sectors, in the Santo Domingo province.
n” “nDuring the delivery, the president stated that the titling constitutes an act of social justice that provides peace of mind and new economic opportunities.
n” “nnn” “n“You had de facto ownership, but now you will have it de jure, with your property title,” expressed President Abinader to the community members.
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The head of State highlighted that one of the greatest impacts of this policy is the peace and stability it generates in households, by eliminating uncertainty regarding land tenure.
n” “n“The main thing is that you are going to have peace, because you know that no con artist is going to come to that land to say that they bought it from the Government and that they are going to want to take it away from you, because the Government handed it directly to you,” he stated.
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n” “nPresident Abinader explained that having a property title allows families to join the formal financial system, use their land as collateral, and develop new projects to improve their income.
n” “n“Now with that title you can go to a bank, enter the formal sector, take out a loan and build a second floor, start a business or do whatever you consider to improve your living conditions,” he indicated.
Likewise, he highlighted that the document guarantees the protection of family assets for future generations. “They also know that they have a title that they will legally be able to leave to their heirs,” he added.
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The president also pointed out that the formalization of the land increases its value, as it goes from being an informal property to a legally recognized asset.
n” “n“A piece of land that perhaps had a certain value when you arrived, may now be worth two or three times more with its property title,” explained.
n” “nSavings of RD 87 million for the beneficiary families
n” “nThe executive director of the Technical Unit for the Execution of State Land Titling (Utect), Duarte Méndez Peña, reported that the process represents a significant saving for the beneficiaries, who did not have to assume the costs of the titling.
n” “nMéndez Peña explained that the investment made by the State is equivalent to RD 87,440,000, resources that the families would have had to gather to complete the process.“Today we deliver it without you, directly, having to pay a single peso out of your pockets,” he stated.
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