An announcement has been made in Guatemala for a housing subsidy program for public officials, and mortgage credit lines for private employees.
Prensalibre.com reports that Alejandro Sinibaldi, Minister of Communications, Infrastructure and Housing (CIV in Spanish), advertised the program, after having opened the sixth edition of the Housing Fair Expocasa, organized every year by the Guatemalan Construction Chamber (CGC).
2 mega projects were announced by the Government in alliance with private companies.
The first one will require an investment of $200 million and will be located in Bárcenas. It will comprise 5.000 apartments, a shopping mall, market, sports complex and office space.
On the second mega project, Alfredo Barrios, Housing vice minister, explained: "... in a lot in San José del Golfo ... we plan to construct 10.000 social housing units, each one with an average value of $6.000 (Q50.000)", reported Elperiodico.com.gt.
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