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.
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.
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