In the article by German Rivas for Laprensagrafica.com, he indicates that “The plans in the portfolio call for an investment of $33.4 million this year, and the budget for 2010 is $47.4 million, which has already been financed.”
BCIE and IDB funds will finance the "Casa para Todos" (Housing for Everyone) program.
The $ 70 million Inter-American Development Bank loan will go to build 6.373 homes for low-income families, of which 2.000 would be ready by March 2011.
The credit of the Central American Bank for Economic Integration (BCIE), of also $ 70 million, "will be implemented by the National Housing Fund (FONAVIPO), which will bid the affordable housing projects to developers," Elsalvador.com reported.
In September, the Housing Ministry of El Salvador will invite bids for the construction of 2.200 homes.
This process is a part of the "Casa para Todos" (Housing for Everyone) project, which aims to build 9.561 homes in 18 months.
Edín de Jesús Martínez, head of the ministry, told Laprensagrafica.com that "works is ahead of schedule, and home builders are already inquiring on the requirements they must fulfill to participate in the competition".
An IDB loan will support a program of housing and neighborhood improvement, focusing on low-income families.
A press release from Inter-American Development Bank (IDB) reads:
the Initiative will focus on low-income families and progressive construction
The Inter-American Development Bank (IDB) announced the approval of U.S.$20 million in funding for Nicaragua to support a program of housing and neighborhood improvement focusing on low-income families.
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