Cuba: Regulations on Plan of Subsidies Published by Official Gazette

News from Cuba | Wednesday, 4 January 2012

From the Cuban News Agency

Cuba's Official Gazette published on Wednesday the regulations that will soon come into force regarding a plan to subsidize the construction and repair of private homes.

According to Granma newspaper, as of January 15, citizens needing the assistance -whether they are protected by social security or not- will be eligible for as much as 80,000 Cuban pesos in aid to build a family home.

The regulations establish that priority will be given to those whose homes have been damaged by hurricanes or other natural disasters, and that recipients of the subsidy will be required to demonstrate economic need.

In addition, all funds will be held in a state run bank account to ensure they are spent properly.

"This is another step to eliminate unnecessary and excessive subsidies by compensating only those people who need them," the Granma article reads.

The requests will be presented to the municipal head offices of Housing, where they have 15 working days to prepare the files that would afterwards be delivered to the Municipal Administration Council of the People's Power or Government, which is authorized to approve the subsidy or not.

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