Decree No. 44 approving the Regulations of the Unified General System of Housing Subsidies, 14 March 1988.
This Decree provides that the Chilean Government will confer a housing subsidy under the following conditions: 1) each beneficiary is entitled to only one subsidy; 2) the subsidy is to be a supplement to money saved and at the immediate disposal of the beneficiary; 3) in general, the subsidy is to be used to finance the acquisition or construction of new housing; and 4) the housing must be intended as the permanent residence of the beneficiary.  Two kinds of subsidies are to be granted: a direct subsidy in specific amounts not to exceed 75% of the house value and an indirect subsidy to subsidize mortgages.  Under the Decree, single or married persons who have reached the age of majority and minors who are married and employed are eligible for subsidies.  Applicants awarded subsidies are to be determined on a regional basis according to the particular conditions of the applicants, such as the amount saved by the applicant, lot availability, number of family members, length of time of savings, and the amount of credit needed.  Once housing is acquired, a beneficiary may not for five years sell, transfer, rent, or use the housing for any purpose other than living there permanently.  Provisions of this Decree were amended by Decree No. 114 of 8 July 1988 (Diario Oficial, No. 33.140, 6 August 1988) and Decree No. 135 of 2 August 1988 (Diario Oficial, No. 33.146, 13 August 1988).
D000569:Americas; D002677:Chile; D003710:Demography; D003906:Developing Countries; D004467:Economics; D005376:Financial Management; D005380:Financing, Government; D005843:Geography; D006798:Housing; D007843:Latin America; D007878:Legislation as Topic; D011153:Population; D011632:Public Assistance; D012111:Residence Characteristics; D013020:South America
Americas; Chile; Developing Countries; Economic Factors; Financial Activities; Financing, Government--legal aspects; Geographic Factors; Housing--legal aspects; Latin America; Legislation; Population; Public Assistance--legal aspects; Residence Characteristics; South America; Spatial Distribution