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To safeguard the fiscal stability of Puerto Rico and promote its competitiveness in order to transform our economy into one of the most developed economies in the world, hence, fostering the social and economic enhancement of our people.
April 6, 2017 - Governor Rosselló Nevares Announces Restructuring Agreement with PREPA Bondholders
March 13, 2017 - Message of the Governor of Puerto Rico Ricardo Rosselló-Nevares
March 13, 2017 - FAFAA - Fiscal Plan for Puerto Rico

February 20, 2017 - Last Economic Activity Index of 2016 Reflects a Dramatic Reduction in Only One Year and the Lowest Number in 25 Years


January 12, 2017 - Office of the Governor: Letter to the Oversight Board
January 11, 2017 - FAFAA: Puerto Rico Government Retains Dentons as Legal Advisor
Press See older Press Releases
Titles Property Notices Position Openings Investor Presentation
Features Investor Presentation
Puerto Rico Fiscal Agency and Financial Advisory Authority




On January 18, 2017, Governor Ricardo A. Rosselló signed into law the Enabling Act of the Fiscal Agency and Financial Advisory Authority, Act 2-2017. FAFAA was created for the purpose of acting as fiscal agent, financial advisor and reporting agent of all the entities of the Government of Puerto Rico and to assist such entities in facing the grave fiscal crisis and economic emergency that Puerto Rico is currently experiencing. FAFAA is the entity in charge of the collaboration, communication and cooperation efforts between the Government of Puerto Rico and the Fiscal Oversight Board, created under the Puerto Rico Oversight, Management, and Economic Stability Act, Pub. L. 114-187 (PROMESA).


For more information, visit the website of the Fiscal Agency and Financial Advisory Authority.



José M. Berrocal Institute for Economics and Finance

José M. Berrocal Institute for Economics and Finance


The José M. Berrocal Institute for Economics and Finance is a GDB subsidiary created to complement the Bank's mission of promoting economic development by providing specialized training on the theory and practice of public finances and economics to talented young professionals in order to attract them to join the public service. An eight-week Summer Internship Program is the Berrocal Institute’s main initiative towards this goal. To find out more about the Berrocal Institute and its Summer Internship Program, visit the Institute’s webpage.


The Municipal Finance Corporation, known by its Spanish acronym COFIM, is a newly created public corporation and instrumentality of the Commonwealth of Puerto Rico, attached to the Government Development Bank. COFIM is authorized to issue bonds and use other financing mechanisms to pay or refinance, directly or indirectly, in whole or in part, the debts of the municipalities of the Commonwealth payable or backed by the 1% municipal sales and use tax.

COFIM was created pursuant to Act 19 of January 24, 2014, which contemplates a new collection method for the 1% municipal SUT that will become effective on September 1, 2014. COFIM will be responsible for running the development of an integrated collection structure that will guarantee funds are received and provide detailed information about such funds. As part of this effort, a group of municipalities will form part of a pilot program for filing new municipal SUT returns and paying the municipal SUT.

Read a Fact Sheet about COFIM and the new collection structure.

For more information on the Municipal Finance Corporation as an entity attached to the GDB, visit the COFIM webpage in the GDB website.

Merchants, you may file the Municipal SUT return and make payments through COFIM's new website at www.cofim.pr.gov.

Press Release: COFIM Extends Due Date to File and Pay the Municipal SUT for 32 Municipalities Integrated to COFIM's New Collection Structure (in Spanish)

Important notice about COFIM

Mortgage Loan Insurance Program (Act 87)
Mi Casa Propia
In order to incentivize the refinancing of properties, Act 129-2014 amended Act 87 of 1965 to establish incentives for the payment of internal revenue stamps and registration vouchers required when obtaining a mortgage loan.

Act 129 allows that deeds of mortgage for refinancing of properties under the Mortgage Loan Insurance Program be exempted, through the Ahorro Hipotecario product, from payment and cancellation of internal revenue stamps and vouchers required by law in the execution of public documents. In addition, for deeds of cancellation of preferred mortgages, a 50% exemption from payment of internal revenue stamps and vouchers is granted. For more information about the Ahorro Hipotecario product, contact your preferred mortgage bank or credit union.

PRHFA - 2011-2018 Strategic Plan (in Spanish)

2016 Low Income Housing Tax Credit Allocation Plan (Final)


Puerto Rico Housing Financing Authority Housing Rental under Section 8 Program: (in Spanish)

-Notice to Landlords


Third Amendment to Regulations on Insured Mortgage Reserve (in Spanish)

HOME Program (HUD)

Direct Buyer Assistance (HOME Program) (in Spanish)

List of Repossessed Properties

Other PRHFA Notices

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