$8 Million to Fill Panamanian Housing Shortage

The Housing Ministry has a fund to support low-income families earning less than $850 per month in the purchase of a home.

Wednesday, August 4, 2010

The country currently has a housing shortage of approximately 125,000 houses, particularly in the provinces of Colón, Chiriquí and in the capital.

The ministry's program assists families with incomes less than $850 per month with a loan of up to $5,000 towards the purchase of a home.

Prensa.com reports comments from the vice-minister for Housing, Jaime Ford: "The fund has now been approved by the national economic council via an exceptional $8 million credit for the Housing Ministry, with the aim of reducing the housing shortage".

More on this topic

Mortgage Credit Growing in Nicaragua

March 2012

The National Housing Plan is paying off, and the Chamber of Developers and the government is working to make banks more flexible with credit for urban social interest projects.

Employers and the government are moving towards common positions regarding measures that could ease mortgage lending for low-income families (less than $521 per month) and the construction of affordable housing.

Nicaragua: $11 million in Deals at Real Estate Fair

February 2017

300 homes were reserved at the fair and mortgages worth $11.5 million signed for construction and purchase of middle class and social interest housing.

Although the goal of 500 homes set by the Chamber of Builders of Nicaragua (Cadur) in the housing fair Expocasa, was not achieved, 300 homes were sold or reserved, and an estimated $10.5 million signed in mortgage loans with banks present at the fair.

The Housing Market in Guatemala

February 2012

The deficit between supply and demand for housing solutions is growing every year, requiring state policies for the creation of credit systems for low-income sectors.

In Guatemala, the demand for housing grows between 55,000 and 60,000 units every year, but only 20,000 new houses are built, calculates the Guatemalan Chamber of Construction (CGC).

$8 Million for Social Housing in Panama

August 2009

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

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.

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