$7 Million for Housing in El Salvador

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.

Tuesday, August 11, 2009

Low income families will be able to access these credits to finance their homes or lots, upgrade their residences or home building.

"The program will benefit some 2.300 families, granting them individual loans averaging $3.000, in addition to the home subsidy they can request in the national housing program", reported Elsalvador.com.

More on this topic

Nicaragua: 4.000 Social Houses Projected

February 2011

Development companies expect the Government to allocate $ 40 million for the construction of social housing by mid-year.

The Builders Chamber of Nicaragua (Cadur) said the funds will achieve the goal set by the Nicaraguan Social Security Institute, INSS, of 4.000 homes for 2011.

$ 20 Million for Housing in Nicaragua

January 2011

The resources of the Inter-American Development Bank will go towards the construction of social housing.

The announcement was made by representative of the IDB in Nicaragua, Mirna Liévano, with the Ambassador of Spain Antonio Pérez-Hernández Torra, a country which provided the resources to conduct the study of the housing project to be implemented this year.

Honduras: $50 Million in Housing

January 2010

The goal of the project is to build 3.300 social housing units for low income people.

Dilcia Galo is the director of the program. She remarked they have already awarded the construction of 2.500 residences, and are in the process of awarding the remaining 800.

Galo explained that the Government has created a $50 million trust fund at the Central Bank of Honduras to finance the construction of these residences.

El Salvador Invites Bids for Building 390 Homes

October 2009

The National Housing Fund began the bidding process, earmarking $3 million for it.

12 municipalities will be benefited with the project, which is part of the program "Housing for Everyone" (Casa para Todos).

Elsalvador.com reports: "Each house will be built with cinder block walls, fiber cement board roof and lattice windows ...

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