Santo Domingo, RD.- The Investment Fund Management Company, Pioneer Investment Funds, presented the new guarantee, ViBIENda, aimed at promoting the development of sustainable real estate projects. This endorsement is an initiative of the Pioneer Social Impact Societies Development Fund, which seeks to generate impact and well-being in the quality of life of Dominicans, accrediting projects that promote benefits from an economic, experiential and community perspective.
The President, Hector Garrido, stated: “ViBIENda was born as a result of an alliance of wills between the main Pension Fund Administrators (AFP’s) of the country, who identified the need and posed the challenge of providing a solution to the housing deficit and Pioneer, which decided to take on this challenge. In the process, we identified the perfect management instrument in the social impact fund to go much further than what was being asked of us; creating a category that will provide a new standard of living, through valuable homes.”
“With this accreditation seal we raise the country’s investment parameters, now focused on generating a greater social impact and promoting the well-being of communities in the short and long term,” Garrido added.
ViBIENda focuses on offering benefits based on three fundamental pillars: economic, experiential and community. In the economic aspect, it improves financing conditions and uses technologies that reduce living costs. At the experiential level, it improves the user experience in terms of comfort, health and safety, optimizing the design, materials, recreational spaces and services, and at the community level, it promotes the adequate development of communities through infrastructure, services, management technology and models. governance that promote social integration and environmental sustainability.
Yamil Isaías, Executive VP, explained: “Our commitment is to promote a more transparent and reliable real estate market, where the quality, security and satisfaction of our clients are fundamental. With ViBIENda, we are opening the doors to a new model that promotes communities of well-being.”
ViBIENda will impact +35 thousand families in a period of 10 years, will generate +48 thousand direct jobs and +72 thousand indirect jobs and will have an investment of +RD$150 thousand MM pesos in the first tranche. Among the initial projects of the guarantee are Casa Samán, on República de Colombia Avenue and Pravalta, in Bávaro.
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