Interested parties can qualify for said amount for a new or used house, debt transfer or personal construction.
"Risk agencies tell us that we have a high concentration for only a part of the population. Now we must balance the portfolio with a greater risk segment and a lesser one, that improves the outlook," said the president of the Social Fund for Housing, Enrique Onate.
The Social Housing Fund plans to provide $46 million in for housing construction, and another $44 million for purchasing a used house.
According to an article in Elmundo.com.sv this year, the Social Housing Fund (FSV) "expects to increase lending both for new and used housing. In addition, it will reinforce credit for Salvadorans abroad and other lines of financing they offer. "
For the period covering the final year of the current presidential administration, the Social Housing Fund has budgeted nearly 68 million dollars to be invested in financing new housing.
Fund president Enrique Oñate said that, as a result of measures taken to assure financial sustainability and prudent application of strategies since 2004, the fund is issuing money from its own resources to meet the potential demand for the following year.
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