Panama: $ 141 Million for Social Housing

During 2011 the Ministry of Housing plans to build 50 social interest housing projects.

Wednesday, January 12, 2011

The Ministry stated that of the projects announced, 30 of them include about 3.500 homes which will go to low-income families in the provinces of Panama, Colon, Veraguas, Cocle, Chiriqui, Herrera and Los Santos.

"On the other hand, 300 houses in these provinces will be built through the improved Parvis program, with a $ 3.5 million investment as part of the strategy by MIVIOT seeking to reduce housing shortage in the country," reports the article in Laestrella.com.pa.

More on this topic

Panama: $3.5 Million for Social Housing

February 2010

The Housing Ministry announced it will build homes in the Province of Coclé.

Minister Carlos Duboy explained that the projects will be carried out in La Pintada and Aguadulce.

“They include 200 ‘floor and roof’ solutions, 50 Parvis, and residences with included infrastructure in state and municipal terrains in La Pintada, Farallón de Antón and Barrios Unidos de Aguadulce”, reported prensa.com.

Panama: 8,000 Homes Projected Per Year

July 2009

The plan to promote the construction of affordable housing seeks to incentivize the construction industry and to absorb unemployed laborers.

The goal of Martinelli’s government is to build 8,000 homes for social benefit between $18,000 and $30,000, with support from the private sector.

$30 Million in Deals at Housing Fair in Panama

July 2015

In the housing fair held on July 4th and 5th $30 million worth of mortgage loans were negotiated for construction and purchase of affordable housing.

The main reason behind the good results achieved at the fair is the increase from $5,000 to $10,000 made by the Ministry of Housing in the bonus for social housing, a segment that was targeted by the show.

Nicaragua: More Social Housing

January 2016

By 2016 the Chamber of Builders plans to build 5000 new homes, which will add to the 25,000 that the government plans to build throughout the year.

This year the private construction sector intends to maintain the pace of residential construction growth seen in 2015, particularly in affordable housing, supported by subsidies granted by the government for this purpose.

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