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The Nature Conservancy calls the agreement the biggest privately financed land purchase it has ever arranged.
(Australia's scheme has not been used for this purpose, but has mainly financed land use, waste and energy efficiency projects).
Over 37% of their direct debt financed municipal building works, another 17% financed "land overhaul and preservation" and 7% paid for affordable housing.
Third, for those homeowners who do not have the income to qualify for new financing, a federally financed land bank should buy the property from the lender at a steep discount and rent it to the former homeowner.
He was driven by a burning desire to awaken his homeland from centuries of slumber, and he spread his ideas through work as a judge, a member of Government commissions, a founder of schools, an editor of crusading journals and director of a bank that financed land redistribution.
Similar(55)
Donors have agreed in principle to finance land reform.
It has been criticized for borrowing too much to finance land purchases.
The move underscores President Clinton's push to create a permanent endowment to finance land conservation.
And foreign donors have put little money on the table to help finance land reform in recent years.
Why, the private equity and hedge fund lenders who had been so eager to finance land development.
Mr. Lindstrom, the farm owner who works for UBS, said there was no way to finance land at today's rates of 5 percent and make money.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com