Honduras: $150 Million for Housing

The Central American Bank for Economic Integration approved a line of credit for the Honduran government to finance the Resilient Housing Reconstruction Program in the country.

Wednesday, February 24, 2021

The Central American Bank for Economic Integration (CABEI) informed that it is estimated that approximately 29,500 vulnerable families in the departments of Cortés, Atlántida, Yoro and Santa Bárbara will benefit from the rehabilitation, reconstruction or construction of new housing.

The objective of the program is to support the reconstruction and recovery process of the housing sector in Honduras through the implementation of rapid and resilient solutions for vulnerable populations affected during the emergency caused by extreme meteorological phenomena resulting from climate variability, according to the statement dated February 24, 2021.

The CABEI document states that "... the loan will facilitate the granting of subsidies for the acquisition, reconstruction or rehabilitation of housing. In addition, 26 sub-projects will be financed, including mitigation works, reconstruction of neighborhoods and basic services and improvement of shelters in several communities and neighborhoods in the project's intervention area, for which approximately 2,900 homes are expected to be built and 26,500 affected homes rehabilitated, in addition to the construction of 36,900 m2 of spaces for cultural, sports and recreational purposes."

CABEI Executive President Dante Mossi said that "... it is a priority to offer support to its member countries and thereby contribute to the reconstruction and recovery process of the housing sector, which has been so severely affected by the damage caused by the meteorological events that occurred in the region. It is important to provide a rapid and effective response to the emergency caused by the ETA/IOTA phenomena."

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From the CABEI statement:

Tegucigalpa, May 24, 2019 - The Central American Bank for Economic Integration (CABEI) granted an extension to the Global Credit Line (LGC) of the Social Fund for Housing for US$ 60 million, the new amount is US$100 million.