Delta Leasing Habitacional, S.A. is a real estate leasing company that purchases medium- and low-cost housing and leases the homes to individuals through a lease-to-own arrangement. A $7 million loan and a $1 million equity investment from the Corporation will enable Delta Leasing to expand its operations and finance the accumulation of lease contracts prior to securitization. Delta Leasing will also develop and sell lease-backed securities, a new instrument in Chile. The lease-to-own arrangements benefit lower middle to low-income families who do not have enough savings for a down payment on a home or lack the financial strength to obtain a bank loan. The financing from the Corporation will facilitate the creation of about 15,000 long-term leasing contracts via the development of lease-backed securities, as well as strengthen and deepen Chilean capital markets. It is estimated that the project will generate $13 million annually for Chile’s GDP.