New 'Home for Everyone' Projects
El Salvador's 'Casa para Todos' scheme supported by president Mauricio Funes will be relaunched on 9 September with five new projects.
Friday, September 3, 2010
With financing coming from the People's Housing Fund (Fonavipo) and the Social Housing Fund (FSV) the five new projects will provide 942 homes for which construction is expected to be completed by the end of 2011.
Salvadoran home builders welcomed President Funes's announcement, that turns into reality the long awaited anti crisis plan for the sector.
Changes to the tender process of program “Housing for All” ("Casas para Todos") eased up on requirements for construction companies.
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”.
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