Housing Finance Policy

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    A. Legal and Regulatory Framework

    A.1 Legal and Regulatory Framework
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Are there specific laws that deal with mortgages? No  A.1.2
    Registration/Transfer of titles:A.1.3
    Does the law clearly define different types of property rights?No  A.1.3.1
     Are property rights easily transferable?No  A.1.3.2
    Identify barriers to the registration/ transfer of property title.Registration and transfers of property titles are significantly hindered by government corruption, crippling bureaucracy, and punitive laws regarding foreign purchases of Haitian real estate.Registration and transfers of property titles are significantly hindered by government corruption, crippling bureaucracy, and punitive laws regarding foreign purchases of Haitian real estate.Registration and transfers of property titles are significantly hindered by government corruption, crippling bureaucracy, and punitive laws regarding foreign purchases of Haitian real estate. A.1.3.3
    Typical number of days needed for the transfer of title312312312
    Doing Business
    		A.1.3.4
    Is there specialized legislation covering:A.1.9
    B. Housing Finance Subsidies
    B.1 Subsidies to Housing Finance Institutions
    B.2 Subsidies to Households
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    Reach of subsidies in 2.1.1 to 2.1.4 ?B.2.2
    C. Taxation
    VariableEnd of 2015End of 2014End of 2013SourcesVar ID
    What taxes apply to Residential Real Estate?C.1
    Tax on property (home-owners)   YesC.1.1
    Property transaction taxes (purchase/selling)  YesC.1.2
    Mortgage transaction taxes  YesC.1.3
    Tax on capital gains on property   YesC.1.5
    back to top | Country Data:
    Notes: Aid programs like OPIC, the Clinton Bush Haiti Fund, and USAID have provided financing in the form of loans and grants to mortgage lending vehicles to facilitate borrowing--especially since the aftermath of the earthquake in 2010.
    Notes: 2013 - 2015 median house value represents average of range (240k - 315k) for a 3 bedroom / 3 bathroom house just outside Port au Prince.
    Notes: 2013 - 2015 median house value represents average of range (240k - 315k) for a 3 bedroom / 3 bathroom house just outside Port au Prince.
    Notes: 2013 - 2015 median house value represents average of range (240k - 315k) for a 3 bedroom / 3 bathroom house just outside Port au Prince.
    Notes: Aid programs like OPIC, the Clinton Bush Haiti Fund, and USAID have provided financing in the form of loans and grants to mortgage lending vehicles to facilitate borrowing--especially since the aftermath of the earthquake in 2010.
    Notes: Aid programs like OPIC, the Clinton Bush Haiti Fund, and USAID have provided financing in the form of loans and grants to mortgage lending vehicles to facilitate borrowing--especially since the aftermath of the earthquake in 2010.
    Notes: Aid programs like OPIC, the Clinton Bush Haiti Fund, and USAID have provided financing in the form of loans and grants to mortgage lending vehicles to facilitate borrowing--especially since the aftermath of the earthquake in 2010.
    Notes: Aid programs like OPIC, the Clinton Bush Haiti Fund, and USAID have provided financing in the form of loans and grants to mortgage lending vehicles to facilitate borrowing--especially since the aftermath of the earthquake in 2010.
    Notes: Capital gains tax of 15%.
    Notes: Land Transfer Tax of 3.5-7%.
    Notes: National Percentage
    Notes: page 68
    Notes: Project launched in 2013 in conjunction with Development Innovations Group (DIG) in order to offer housing micro-finance loans that start from as low as $1,000.
    Notes: Project launched in 2013 in conjunction with Development Innovations Group (DIG) in order to offer housing micro-finance loans that start from as low as $1,000.
    Notes: Project launched in 2013 in conjunction with Development Innovations Group (DIG) in order to offer housing micro-finance loans that start from as low as $1,000.
    Notes: Property tax of 15% of rental value of the property.
    Notes: Tax of 0.5% to 7% of loan.
    Notes: The Development Innovations Group (DIG) began offering housing MFI loans in Haiti in 2013 to aid with the relief from the 2010 earthquake.
    Notes: The Development Innovations Group (DIG) began offering housing MFI loans in Haiti in 2013 to aid with the relief from the 2010 earthquake.
    Notes: The Development Innovations Group (DIG) began offering housing MFI loans in Haiti in 2013 to aid with the relief from the 2010 earthquake.
    Notes: There is currently no mortgage system in Haiti, although air projects from governments and NGOs around the world are looking to change this currently.