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Cemex To Produce Low-Cost Cement in Nicaragua

The Mexican cement company will produce low-cost cement for a public social housing project in Nicaragua.

Monday, January 25, 2010

The product will be labeled using the "Cemento Popular" (Popular Cement) brand, and packed using special bags for this government project.

"Maximum production will be 47.000 monthly bags. It will be used in the construction of 4.000 low-cost homes, funded with $90 million from the Nicaraguan Social Security Institute and commercial banks", reported Cnnexpansion.com.

Source: cnnexpansion.com

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23,000 Homes That Cant be Sold

October 2011

They were built to be sold using government subsidies, but an increase in the cost of building materials has pushed their real price above the limit established by the law.

The Government is maintaining its position of not raising the price ceiling of $20 000, stating that this would not benefit poor families, but recognizes that it must find a solution to the problem.

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.

$ 20 Million for Housing in Nicaragua

January 2011

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

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.