$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 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.
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.
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.
Families with incomes below $850 will be entitled with a $5.000 grant for home buying.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar