As of August 25, 2026, the Dirección General de Impuestos Internos (DGII) announced that it will disburse RD 1,000 million (approximately US$17 million) in pending payments related to the low‑cost housing bond program established under Law 189‑11 and its implementing regulations. The funds correspond to bond issuances made between 2018 and 2022 to finance the construction of subsidized housing units for families earning below the national median income. The DGII’s decision follows a recent audit by the Chamber of Accounts, which verified the eligibility of the outstanding obligations and confirmed that sufficient budgetary resources have been allocated in the 2026 General State Budget. Payment will be executed in two tranches: the first RD 500 million on September 30, 2026, and the remaining RD 500 million on December 15, 2026. Beneficiaries include registered developers, housing cooperatives, and financial institutions that have met the construction milestones and compliance requirements set forth by the Ministry of Housing.
Key Takeaways
- Payment Schedule and Legal Framework: The DGII will release the funds in two installments as stipulated by Resolution No. DGII-2026-078, which approves the allocation of RD 1,000 million from the 2026 General State Budget to settle outstanding low‑cost housing bond obligations. The first tranche of RD 500 million is scheduled for September 30, 2026, and the second tranche of the same amount for December 15, 2026. Legal authority derives from Article 12 of Law 189‑11, which mandates that the DGII administer and service the housing trust fund, ensuring that bondholders receive timely principal and interest payments. Beneficiaries must submit certified completion reports and tax clearance certificates to the DGII’s Housing Finance Unit before each disbursement date to verify compliance with construction milestones and environmental standards.
- Impact on Housing Delivery and Fiscal Position: The disbursement is expected to unlock the completion of approximately 8,500 housing units that were stalled due to financing gaps, thereby delivering much‑needed affordable homes to low‑income families. By settling these obligations, the DGII reduces contingent liabilities on the public balance sheet, improving the country’s debt‑to‑GDP ratio by an estimated 0.3 percentage points. Moreover, timely payment strengthens confidence among domestic and international investors in the Dominican Republic’s public‑private partnership framework, potentially lowering borrowing costs for future infrastructure projects. The initiative also aligns with the National Housing Plan 2024‑2028, which targets the construction of 120,000 affordable units by 2028.
- Transparency Measures and Monitoring: To ensure accountability, the DGII will publish a monthly report on its website detailing the amount disbursed, the list of beneficiaries, and the corresponding housing projects’ progress indicators. An independent audit firm will be engaged to verify that the funds are used exclusively for eligible construction expenses, with findings reported to the Chamber of Accounts and the Ministry of Finance. Additionally, the DGII has enabled an online portal where beneficiaries can track the status of their payment requests, submit required documentation, and receive real‑time notifications of any discrepancies. These measures aim to prevent misallocation, curb corruption, and reinforce the institution’s commitment to transparent fiscal management.
The RD 1,000 million payment underscores the Dominican Republic’s dedication to fulfilling its social housing commitments while maintaining fiscal discipline. By honoring these obligations, the DGII not only supports vulnerable populations but also reinforces the credibility of public financial management. Stakeholders are encouraged to monitor the DGII’s official communications for updates on disbursement dates and to consult the Ministry of Housing’s guidelines to ensure compliance with reporting requirements. Overall, the action represents a balanced approach that combines social investment with prudent fiscal stewardship, contributing to long‑term economic stability and inclusive growth.
Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal counsel.
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