$100 Million for Honduran Social Interest Housing

The government has signed an agreement with the developer Inter-Mac for the construction of 35 residential projects.

Thursday, August 5, 2010

Inter-Mac director, Javier Arguello, highlighted the importance of the project for the Honduran economy, calling it 'encouraging'.

Lobo Sosa, president of Honduras, was present at the signing of the agreement and "thanked national and internation investors, as well as the US government, for continuing to believe in the country. 'Our people need homes and we must provide them,' he said and asked all regional mayors to open their doors and facilitate this kind of investment," reports Laprensa.hn.

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23,000 Homes That Cant be Sold

October 2011

They were built to be sold using government subsidies, but an increase in the cost of building materials has pushed their real price above the limit established by the law.

The Government is maintaining its position of not raising the price ceiling of $20 000, stating that this would not benefit poor families, but recognizes that it must find a solution to the problem.

Housing Demand Increases in Nicaragua

August 2010

The housing deficit is on the rise and the country currently needs to build 500,000 new homes.

During the third National Housing Forum held in Managua, both the government and the private sector agreed that what is needed is more social housing projects.

The president of Nicaragua's Chamber of Developers (Cadur), Ingrid Herrera, insisted on the need to reduce bureaucracy: "we need institutions to adapt to the "Housing Law" and to enable permits to be obtained within 90 days, as established in the law," reports Elnuevodiario.com.ni.

Construction Company Invests $100 Million in Honduras

May 2010

U.S. consortium Inter-Mac will develop 35 low cost residential projects, each with 100 units.

Spokesperson Javier Arguello remarked that 400 units are already available for purchase. He added that the projects are located in the area known as “Valle de Sula” (Sula Valley), and that they are considering building another in Tegucigalpa.

$8 Million for Social Housing in Panama

August 2009

Families with incomes below $850 will be entitled with a $5.000 grant for home buying.

The Housing Ministry (MIVI) attempts to combat housing deficit in the country with the approval of this $8 million loan by the Economic National Housing.

Frank De Lima, economy vice minister, told newspaper La Estrella: "The idea is for this grant to be used to cover down payment of the homes.

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