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Fund targets Latin American housing

Posted on 09 May 2013

The U.S. government’s Overseas Private Investment Corporation is investing $100 million in Paladin Realty Latin America Investors IV, a fund targeting housing development in Latin America. Paladin aims to build 12,000 affordable housing units for Latin America’s growing workforce, particularly first-time home.
With an initial closing of $75 million earlier this year, the fund hopes to reach a capitalization target of $400 million to $600 million, according to the release. “This new fund will continue Paladin Realty’s 15-year strategy of supporting affordable homeownership in Latin America and the growth of its housing industry,” OPIC chief executive Elizabeth L. Littlefield said………………………………….Full Article: Source


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