$81 Million for the Construction of Homes

El Salvador now has the funds for the construction of 23,761 homes in the poorest areas during the next 18 months.

Thursday, June 25, 2009


The total budgeted amount for the construction of 25,000 units of El Salvador’s social housing program is $87.1 million, of which, $81 million is already committed by the Central Government, international organizations like the Inter-American Development Bank (BID, acronym in Spanish) and the Central American Integration Bank, among others. The government still must obtain $6.2 million.

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.”

More on this topic

El Salvador: $ 140 Million for Housing

November 2010

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.

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 ...

Construction of 2.200 Homes Put Up to Tender

July 2009

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".

Nicaragua: $20 million for Affordable Housing

September 2011

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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