Panama: Social Housing Program

A solidarity housing fund was announced by the President, when inaugurating trade show "Capac Expo Hábitat 2009".

Thursday, September 17, 2009

Ricardo Martinelli announced the creation of the “Fondo Solidario de Vivienda”, which would benefit 1.500 families in its first phase.

The president also remarked that his government will continue supporting the Panamanian Chamber of Construction, and invited its members to take part of his social housing project.

More on this topic

Costs Prevent Building Houses Under $30,000

April 2013

For promoters in Panama, construction of social housing is no longer profitable, mainly because of the high cost of materials and construction supplies.

"... only about eight years ago there was a proliferation of developments in the areas east and west of the capital with average sales of between $18,000 and $25,000.

23,000 Homes That Cant be Sold

October 2011

They were built to be sold using government subsidies, but an increase in the cost of building materials has pushed their real price above the limit established by the law.

The Government is maintaining its position of not raising the price ceiling of $20 000, stating that this would not benefit poor families, but recognizes that it must find a solution to the problem.

Nicaragua: 4.000 Social Houses Projected

February 2011

Development companies expect the Government to allocate $ 40 million for the construction of social housing by mid-year.

The Builders Chamber of Nicaragua (Cadur) said the funds will achieve the goal set by the Nicaraguan Social Security Institute, INSS, of 4.000 homes for 2011.

El Salvador to improve housing conditions with IDB assistance

September 2010

$70 million loan to finance subsidies for low income households.

El Salvador will improve housing conditions for low- and middle-income families and boost the housing sector’s ability to efficiently and equitably meet demand with a $70 million loan approved by the Inter-American Development Bank (IDB).

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