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.
The Housing Ministry announced it will build homes in the Province of Coclé.
The plan to promote the construction of affordable housing seeks to incentivize the construction industry and to absorb unemployed laborers.
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.
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.
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