Low-income Pattaya residents will be able to apply for low-interest home loans from a 100 million baht partnership between the city and national governments.
Mayor Itthiphol Kunplome signed the memorandum of understanding with the Ministry of Social Development and Human Security Sept. 16. Under the Baan Munkhong loan project, the ministry will allocate 37.8 million baht for the 4 percent loans and 46.7 million baht for construction of 290 homes over 15 years.
Mayor Itthiphol Kunplome (2nd left) signs a memorandum of understanding for low interest home loans, with the Ministry of Social Development and Human Security.
Pattaya has earmarked a contribution of another 15.2 million baht to support the program.
Itthiphol said the city is continually working to improve living conditions for the poor.
