El Salvador Awards $6 Million in Home Building Contracts

FONAVIPO, the National Social Housing Fund, awarded 6 of 10 projects to build homes in urban development “Nuevo Belén”.

Monday, April 26, 2010

Marco Fortín, president of the institution, explained that works are poised to start on May and should be ready in two months. “This project could generate some 4.500 jobs, between direct and indirect ones”, added Fortín.

These houses are part of the project “Casa para Todos” (Housing for everyone), and will cost around $12.000 each.

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El Salvador: Changes to "Housing for All" Tender

March 2011

Changes to the tender process of program “Housing for All” ("Casas para Todos") eased up on requirements for construction companies.

Current legislation requires the contractor to have developed at least three similar projects to the one which is being applied for. With the new changes construction companies can apply without having been specifically devoted to urban development projects.

El Salvador to Invest $ 100 Million in Housing

January 2011

The National Popular Housing Fund plans to build 6,742 public houses in 2011.

Marco Fortin, president of the institution, referred to the seven projects managed by the government under the Home for All program.

The more advanced projects are those of Nuevo Belen, with 495 houses, which this year will begin title process, and La Bretaña with 1,875 homes.

El Salvador: 6.300 Housing Loans in 2011

December 2010

Out of $ 99 million in loans it is estimated that 53% will be invested in new housing.

The trend over recent years has been the purchase of used housing, according to Thomas Chévez of the Social Housing Fund (FSV).

"The balance that could be achieved regarding the trend is because in 2011 the supply of new housing, specifically of social interest, will increase due to construction projects from the program “Casa para todos,” reports the article in Laprensagrafica.com.

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 ...

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