El Salvador: Changes to "Housing for All" Tender
Changes to the tender process of program “Housing for All” ("Casas para Todos") eased up on requirements for construction companies.
Wednesday, March 2, 2011
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.
The National Popular Housing Fund plans to build 6,742 public houses in 2011.
El Salvador’s government signs agreements with commercial banks to obtain short-term finance for the social housing project.
FONAVIPO, the National Social Housing Fund, awarded 6 of 10 projects to build homes in urban development “Nuevo Belén”.
The National Housing Fund began the bidding process, earmarking $3 million for it.
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