$ 20 Million for Housing in Nicaragua

The resources of the Inter-American Development Bank will go towards the construction of social housing.

Friday, January 14, 2011

The announcement was made by representative of the IDB in Nicaragua, Mirna Liévano, with the Ambassador of Spain Antonio Pérez-Hernández Torra, a country which provided the resources to conduct the study of the housing project to be implemented this year.

"The goal of the program is to provide housing subsidies for new housing construction and improvement of existing homes for families of low and moderate income. The new program will also fund grants for neighborhood improvement deprived of basic infrastructure," the article Elnuevodiario.com.ni.

More on this topic

Salvadoran Housing Shortage

May 2011

Participants at the International Forum on Affordable Housing have proposed partnerships with private companies and incentives to boost the construction sector.

Joshua Gastelbondo, former vice minister of housing in Colombia, said in the meeting, "El Salvador has to understand that we must create legal, financial management tools and incentives in order for housing to be freed up."

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).

$7 Million for Housing in El Salvador

August 2009

The funds loaned by IDB, will be administered by the National Fund of Social Housing, and will enlarge the lines of credit micro finance institutions.

Low income families will be able to access these credits to finance their homes or lots, upgrade their residences or home building.

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