The Puerto Rico Housing and Human Development Trust Fund (hereinafter referred to as FIDEVI) is the product of a collaborative alliance between Puerto Rico’s banking industry and the homeless population advocacy community. It was created by the Deed of Constitution of Charitable Trust with the purpose of devoting its structure and income to the promotion and support for the development, rehabilitation and preservation of adequate, affordable and accessible housing for people of limited, scarce or no economic resources. Some of these groups are: homeless people, mental patients, single mothers, elderly people, among others considered vulnerable in our communities. 

Its objective is to help close the housing need gap by facilitating the development of structures according to the demographic of those being left homeless or in risk of becoming homeless. FIDEVI achieves this mission and fills this gap by supporting nonprofit nongovernmental organizations serving individuals’ and families’ housing needs that the market is not meeting. 

Government representatives also form part of this Trust and we are all committed to comply with those laws and rules that apply to the Trust. 

The trust fund is not restricted in use to people of any race, faith, color or creed and a Board of Trustees has the power to supervise and administer the Trust. FIDEVI also has an Advisory Council consisting of several members and which advises the Trustees as to the operational aspects of the Trust.