FONAVIPO will take over private building projects that have had to be stopped due to lack of funding.
Wednesday, July 13, 2011
More than 2 000 public houses will be developed by the National Fund for Popular Housing in different areas of the country.
They will be built on lots where private developers had begun construction of buildings, and therefore already have building permits and other documents required by regulation.
An article in Elmundo.com.sv notes: "These new projects are in addition to the seven buildings now being built in Santa Ana, Sonsonate, La Paz and San Martín, San Salvador.
The president of FONAVIPO did not disclose details about other projects to be developed in the metropolitan area of San Salvador and Santa Tecla, because they are still in search of land for them.
Fortin announced that the property is valued based on the purchase made by the Ministry of Finance and the estimated value calculated by the Superintendencia del Sistema Financiero.
The government has allocated $86,343,000 for the construction of 6.260 dwellings in the public investment plan this year. "
BCIE and IDB funds will finance the "Casa para Todos" (Housing for Everyone) program.
The $ 70 million Inter-American Development Bank loan will go to build 6.373 homes for low-income families, of which 2.000 would be ready by March 2011.
The credit of the Central American Bank for Economic Integration (BCIE), of also $ 70 million, "will be implemented by the National Housing Fund (FONAVIPO), which will bid the affordable housing projects to developers," Elsalvador.com reported.
The Housing Fund (FONAVIPO) will invest $2.3 million in building 192 apartments for those affected by tropical storm Ida.
The building complex will be located in Apopa. Its mayoralty will conduct the topographic studies and Fonavipo will execute the construction.
Marco Fortín, president of Fonavipo, told newspaper La Prensa Grafica that a similar project, “Belén” urbanization in San Miguel, will be awarded the next Friday, after two months of delays.
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