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  • The San Juan Daily Star

Public housing project in Caguas partially inaugurated


With a total investment of $135 million in public and private funds, the project has 438 units, of which 238 were inaugurated Thursday.

By John McPhaul

jpmcphaul@gmail.com


Gov. Pedro Pierluisi Urrutia on Thursday inaugurated the Villas at Emerald Vista project in Caguas, a multi-family housing development that featured an investment of $46.2 million in federal Community Development Block Grant Disaster Recovery (CDBG-DR) funds from the island Housing Department.


“Today we take a step toward the integral recovery of Puerto Rico with the incorporation of hundreds of low-cost rental housing units that are integrated at a key moment for Puerto Rico, after Hurricanes Irma and Maria,” the governor said in a written statement. “We have moved steadily toward fostering projects like this that create a real impact on both the quality of life of low-income people and the economic activity of the surrounding community.”


With a total investment of $135 million in public and private funds, the project has 438 units, of which 238 were inaugurated Thursday.


It is the first project to open its doors through the assistance of the CDBG-DR gap program for Low Income Housing Tax Credits (LIHTC), in response to the need for affordable rental housing in Puerto Rico after the reduction of the local inventory caused by the onslaught of the 2017 hurricanes.


On hand for the inauguration were Housing Secretary William Rodríguez Rodríguez, Public Housing (AVP by its Spanish initials) Administrator Alejandro Salgado Colón, and Housing Financing Authority (AFV) Director Blanca Fernández.


The apartments have one to four bedrooms and are spread over five blocks in three-story buildings. All units include kitchen and laundry appliances, air conditioning, smart keys and alarm systems, among other features.


With the opening of Villas at Emerald Vista, the CDBG-DR LIHTC program completes the first of six rental housing projects that began construction activities through the contribution of recovery funds administered by the Housing Department in collaboration with AVP and AFV, to increase financing sources for the construction of affordable housing units.

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