The housing solution will be developed under a macro urbanization scheme that includes 18 vertical-multifamily housing macro lots in 236 buildings, reported the Legislative.

You may be interested in "Residential Construction: Figures in the Region"

From the National Congress' statement:

February 13th, 2020. The National Congress approved, with the support of President Mauricio Oliva, an important trust contract for the construction of the social housing "Residencias Morazán" with which 10 thousand houses for 50 thousand people will be built, the largest in Central America.

"Residencias Morazán" will be facilitated with the recent approval, by the National Congress, of the Housing Law, which creates different mechanisms so that Hondurans can access new social and medium sized housing.

It will be the largest housing solution in the Central American region that will benefit more than 10,000 families, under a macro urbanization scheme that includes 18 vertical-multifamily housing macro lots in 236 buildings, urban facilities and buildings to meet the primary needs of the inhabitants.

The project will be developed in a 209-block lot, located in the Central District, just a few minutes from the city.

The direct beneficiaries of the project will be those affiliated with the welfare systems, teachers, police, prosecutors and other justice operators.

Also, families with one, two or more minimum wages, which is enhanced with the recent passage of the Housing Act. The project facilitates access to credit, preferential rates and State subsidies.

For the project, investment incentives will be generated in the construction sector with financial, tax and legal facilities, which will energize the economy and the generation of up to 40 thousand direct jobs and up to 80 thousand indirect jobs, taking the qualified and unqualified labor.

The trust has as trustors the Secretariat of the Presidency and the Social Fund for Housing (FOSOVI), with the purpose of structuring the project, declared of national interest and priority by Executive Decree No. PCM-040-2019, as well as the administration of the resources or flows derived from it.

More on this topic

Incentive for Social Housing

December 2019

In Honduras, Congress approved the creation of the Social Interest Housing Bond, which will be a state contribution in cash or in kind, and may not be less than 11% of the value of the home to be purchased or rented.

According to Article 18 of the law, to access these bonds, the Secretariat of Housing and Human Settlements (SEVIAH) will prioritize access to the bond and housing care for households with incomes less than or equal to four (4) Minimum Wages, at its highest scale in force, Congress reported.

Incentive for Construction of Social Housing

July 2018

With the aim of encouraging more companies to invest in the development of social housing, the Varela administration has decided to raise from $50,000 to $60,000 the price of social housing solutions that are built in the provinces of Panama and Panama West.

In the resolution, which was published last week in the Official Newspaper La Gaceta, it is argued that the decision to raise the final sale price of the homes was taken " ... in order to make it more attractive to developers nationwide so that they are interested in developing these types of projects."

Tender: $100 million Urbanization Works

April 2018

In Panama, a tender is being launched for an urban renewal project called "Altos de Los Lagos - Second Stage", which consists of the construction of 1,620 homes on a 23-hectare site.

Panama Government Purchase 2018-0-14-0-03-LV-013114:  

Projected Rise in House Prices

October 2014

In Panama entrepreneurs are anticipating increases of between 6% and 12% in home prices in the coming months.

The increase in the prices of materials such as concrete, gray cement, sand and stone, among others, is one of the factors that is pushing up the prices of homes, both those for social interest as those aimed at the middle and upper classes.