$8 Million for Social Housing in Panama

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

Friday, August 21, 2009

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. We are talking about families that don't have access to banking credit because of their low incomes".

More on this topic

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.

El Salvador to improve housing conditions with IDB assistance

September 2010

$70 million loan to finance subsidies for low income households.

El Salvador will improve housing conditions for low- and middle-income families and boost the housing sector’s ability to efficiently and equitably meet demand with a $70 million loan approved by the Inter-American Development Bank (IDB).

$100 Million for Honduran Social Interest Housing

August 2010

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

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.

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.

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