3.000 Grupo Roble Homes in El Salvador
The builder is analyzing the construction of 3.000 social housing units in the next 5 years.
Friday, July 17, 2009
Located on the 10th kilometer of "Carretera de Oro" highway, project "Los Almendros" comprises 400 homes, and construction has started for an additional 50.
Development companies expect the Government to allocate $ 40 million for the construction of social housing by mid-year.
FONAVIPO will take over private building projects that have had to be stopped due to lack of funding.
The funds loaned by IDB, will be administered by the National Fund of Social Housing, and will enlarge the lines of credit micro finance institutions.
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.
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