Nicaraguan-Spanish Group constructs low income housing
The Valle Santa Rosa project offers quality economic housing that are spacious and build from quality materials.
Tuesday, September 30, 2008
Javier de la Calle, Director of Desarrollos Urbanos de Centroamérica (Central American Urban Development), said that despite not having approved the Decent Housing Law and in spite of the difficulties facing the sector (including the constant increase in the price of construction materials due to the impact of international oil prices), the company that he heads will continue to build around 1000 low income homes in the outskirts of Sandino City.
“Banco de la Vivienda” (Housing Bank), will invest in renewing urban infrastructure in the area known as “Los Guido”.
The union expects year-end residential construction will grow by 3.5%, below the 3.8% projected by the Bank of Guatemala.
The idea is to build houses worth less than $20,000 in order to facilitate the purchase of decent houses by low income families.
In the first seven months of the year the number of square meters approved for construction of new buildings fell by 10,1% compared to the same period in 2013.
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