Haiti - Economy : The Law on the Haitian co-ownership under discussion
This Wednesday, December 28, Jerry Tardieu, President and CEO of OASIS HAITI, explains the objectives of this meeting between the private and public sectors attended by the Minister of Foreign Affairs and Religious Affairs, Laurent Lamothe, in relation to the law on the Haitian co-ownership.
"...the objective of today's meeting is to discuss the law on co-ownership in Haiti a law dating from 1984, which is outdated and requires amendments, corrections so that it be applied effectively and efficiently.
In Haiti, for 200 years we had no building construction in co-ownership or we had very little because existing laws are outdated and not appropriate. The idea of this meeting of the private sector with state authorities is to be able to come to a modus operandi, a consensus on the promulgation an implementing order which would complement the 1984 Act and which would allow the co-ownership Act to be effective.
The benefits of this law are numerous, it is a law that can revolutionize the Haitian market, the real estate market. It is a law that can offer to the middle class a quicker access to housing and a better price. It is a law which can lower the pressure on land in Haiti ; It is a law hich can also allow developers to build or finance skyscrapers, in order to modernize the major cities of Haiti as this is already done in Latin America in megacities such as São Paulo, Buenos Aire, or even in the Caribbean, Kingston... So basically, we're talking about a very important law, whose implementation is critical to the future modernization of Haiti..."
