President Michel Martelly has proceeded yesterday, Friday, December 30, 2011 to the signing of the decree of application of the law on co-ownership. This decree, that comes strengthen its legal framework, is also a manifestation of the vision of the Head of State of the modernization of structures and urban infrastructure.

During the signing ceremony the Head of State declared : "[...] my vision of the issue of building in Haiti, is not limited only to mitigate the effects of the earthquake. My gaze goes much further and leads me to take into account modern urban data [...] to make room for spaces planned, developed, organized and valued. And I strive to embody my concept of housing which is based on the creation of new neighborhoods, the rehabilitation and the urbanization of existing neighborhoods, the densification of already urbanized areas and the co-ownership to house the largest number of household possible. This new dynamic of change that legitimizes the law of August 13, 1984 on co-ownership, thus allows the real estate developer to undertake significant constructions in height and address the shortage of housing supply, adjust to social and demographic developments and work thus to the successful advent of a Haiti of owners, because home ownership we known, is the dream of every family, because it is the first of all securities. [...]

...it is clear that we must now move towards better urban planning and appropriate techniques of sustainable construction to put a definitive end to urban sprawl of settlement areas unregulated. Thus, to move forward in this process of strengthening the housing offer, the establishment of a business environment capable of attracting large flows of private capital is needed with force. The building in height is now a very attractive solution for viable real estate investments. The local and foreign entrepreneurs only wait that the harmonization of existing laws on co-ownership to engage in real estate development project [...]

...published in 1984, the law organizing the system of co-ownership has been strengthened by a decree published in 2009, but has never been applied [...] today to remedy the lack of supply of housing and urban sprawl, as President of the Republic I am committed to mobilize all the forces necessary to apply these laws to facilitate in the country the real estate development in co-ownership mode In this sense, I would continue to take all initiatives so that Haiti found the ways of the modernity, of progress.

There is no doubt that law provides all the legal provisions, administrative and financial resources to permit the sale and purchase of parts of building, condominium or loft, managed by a joint ownership agreement. It is part of our ambition to build back better, to erect as in Latin American megacities and major European and American cities, skyscrapers safer, more aesthetic, more environmentally friendly and more accessible, especially in towns constituting economic centers of our country with high concentrations of people and activities..."

See also :

https://www.haitilibre.com/en/news-4595-haiti-economy-meeting-on-co-ownership-signing-this-friday-of-a-decree.html

https://www.haitilibre.com/en/news-4587-haiti-economy-the-law-on-the-haitian-co-ownership-under-discussion.html

HL/ HaitiLibre