According to Article 18 of the law, to access these bonds, the Secretariat of Housing and Human Settlements (SEVIAH) will prioritize access to the bond and housing care for households with incomes less than or equal to four (4) Minimum Wages, at its highest scale in force, Congress reported.

From the National Congress statement:

December 10, 2019. This Monday, the deputies of the National Congress continued with the approval of the long-awaited Housing Law, and 25 of the 50 articles contained in the law.

Of the approved articles, the creation of the Social Interest Housing Bond stands out, which will be a state contribution, in money or in kind, to facilitate access to the population of a social interest housing, or the improvement of its habitability conditions.

According to article 18 of the law, in order to have access to these bonds, the Secretariat of Housing and Human Settlements (SEVIAH) will give priority to access to the bond and to housing care for households with incomes less than or equal to four (4) Minimum Wages, at the highest scale in force.

This bond may not be less than eleven percent (11%) of the value of the social housing to be acquired by lease or purchase.

The Social Interest Housing Bond can be applied in any of the following ways:

1. Construction, financing or acquisition of social interest housing;
2. Acquisition of lots destined to self-construction programs or construction of social interest housing.
3. Conclusion of leasing contracts with option to purchase social interest housing, in which the Bond may be used totally or partially for:
a. The initial and advance payment of installments or monthly instalments of the contract;
b. Administrative expenses associated with the contract; and,
c. For the exercise of the purchase option.
4. Acquisition of construction materials for social housing;
5. Improvement, repair or adaptation of social housing;
6. Incorporation of ecotechnologies to save water, energy and/or gas consumption in a social housing.

Data:

Resources from this bond will be allocated to the Honduran Housing Fund (FONHVIVIENDA).

In order to grant Social Interest Housing Bonds, they must be managed, fully or partially, through Trusts, through the execution of contracts in which the Honduran Housing Fund (FONHVIVIENDA) will act as Trustor.

More on this topic

Guarantee for Construction of Social Interest Housing

February 2020

The National Congress of Honduras approved a trust contract for the construction of 10,000 social interest housing units.

The housing solution will be developed under a macro urbanization scheme that includes 18 vertical-multifamily housing macro lots in 236 buildings, reported the Legislative.

Building Social Housing is Unprofitable

August 2016

Development companies in Nicaragua believe that profitability in the construction and sale of this type of housing has not occurred as expected due to difficulties in obtaining financing.

The Chamber of Builders in Nicaragua (Cadur) argues that the bond that the government announced earlier this year to facilitate access to financing to acquire affordable housing is not what was expected, and because of this, this segment of the market is not proving profitable. They state that the homes that are still being sold with good results are those with prices ranging between $20,000 and $50,000. These represent   "... 60% of sales."

Nicaragua: Housing Construction to Grow By Just 12%

August 2013

For 2013, the Chamber of Builders of Nicaragua projects an increase in housing construction of between 10% and 12%, the lowest percentage in the past three years.

"In the last three years, not including the current one, between 12,000 and 14,000 homes were built, that's a ratio of about 4000 houses per year, for this reason we believe that this year growth will not have the same level bringing acceleration," said Alberto Atha, vice president of the Chamber of Urban Builders (Cadur).

Low Levels of Social Housing Construction

January 2013

The Social Housing Fund (Fondo Social para la Vivienda) in El Salvador will keep the interest rate for social housing construction at 6%.

Francisco Guevara, president of the Social Housing Fund (FSV by its initials in Spanish), explained that this was because the housing supply was less than expected due to red tape delays.