Bidding for the first 500 unit housing project, to be located in San Miguel, will be done in the second half of September. In October, the process will start for the other two projects, one for 1.500 residences in San Martín, and the other for 300 homes in "Polígono Don Bosco".
Marco Antonio Fontín is the president of the National Fund for Social Housing, also known as Fonavipo. He explained some details of the process to newspaper ElSalvador.com: "Urban development could start in November, while construction of the houses would begin in January. ... There will be ten companies working, not one, as we are going to distribute packages of 50 homes to each company, so construction length could be reduced to four months".
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.
The National Housing Fund will start in the coming days the bidding process for 3 condominium projects.
From Friday 26th to Monday 29th the bidding will begin on a 1,068 residential apartment project in Santa Lucia and one of 416 units in Procavi. The first is valued at $ 16 million and the second at $ 7 million.
Receive more news about Infraestructure & Construction
Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.
Live at the beach in the exclusive Punta Leona Resort, a dream with shaded white sand beach, pools, restaurants, wild life. New affordable, energy efficient home. The house - possibly the only energy efficient green...