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.
Monthly payments on the houses will be reduced by 40% if the Decent Housing Law is approved as it includes a direct subsidy on the interest rate, urban developers (who are building the homes for working sector) said.

More on this topic

Costa Rica: $7 Million Urban Renovation Project

July 2010

“Banco de la Vivienda” (Housing Bank), will invest in renewing urban infrastructure in the area known as “Los Guido”.

The project also includes building and equipping a roofed gymnasium.

Juan de Dios Rojas, CEO of the housing bank Banhvi, told newspaper La Prensa Libre that “they approved $3.43 million for sector six, and $3.51 for sector seven”.

Guatemala: Residential Construction Up 3%

November 2015

The union expects year-end residential construction will grow by 3.5%, below the 3.8% projected by the Bank of Guatemala.

The residential construction sector remains low but with stable growth, driven by the construction of high rise housing in urban areas, particularly in urban areas, a zone that professionals and young families belonging to medium-high socioeconomic level favor because it is closer to the city.

Nicaragua: Help for Social Housing Purchases

March 2012

The idea is to build houses worth less than $20,000 in order to facilitate the purchase of decent houses by low income families.

This solution is currently being discussed by representatives of private companies, banks and the Nicaraguan government and an agreement could be reached within weeks, reports

Construction Continues to Contract in Costa Rica

September 2014

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.

From a statement issued by the Costa Rican Chamber of Construction (CCC):

In the first 7 months of this year, the number of square meters processed fell by 10.1% compared to the same period last year.

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