Project: Department of Housing

Location: 
Puerto Rico
Cost: 
$430,000,000.00
Description: 

The Puerto Rico Department of Housing, as the General Partner of Vivienda Modernization Holdings 1, S.E. (the “Partnership”), is in the process of modernizing 33 residential housing projects to be rented to persons of low and moderate income. The Department also is performing the role of Project Developer for the Partnership. PGES is assisting the Department in its role as Developer by providing technical assistance and support in managing and administrating the Project Portfolio. PGES ensures that the Department has all the information and documentation necessary to fulfill its obligations as Developer in a timely and efficient manner.