Honduras: $25 million for Social Housing

Through a trust the government will provide financing for the purchase of middle class housing, in local currency and at a rate of 8.7%.

Thursday, April 12, 2018

From a statement issued by Coalianza:

Tegucigalpa, April 9. With an amount of 600 million lempiras (around $25 million) and to benefit 2,000 Honduran families, the government today announced a trust that will have a special focus on guaranteeing access to housing for the middle class.

The purpose of the trust, signed in the Presidential House by government authorities, is to provide an incentive to families whose income exceeds four minimum wages and who historically were excluded from housing benefit. 

With this agreement of understanding, it is planned to benefit 2,000 Honduran middle class families by the end of 2018.

Read full statement issued.

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Nicaragua: More Financing for Social Housing

September 2017

Through a trust belonging to the Nicaraguan Institute of Housing $31 million will be available to finance the purchase of social interest housing, with a fixed interest rate of 7.5%.

Like the construction sector, banks have started backing financing of social interest housing. In the first half of the year, loans granted for the purchase of this type of housing registered an increase of almost 17%, according to reports from the association of developers.

Nicaragua: $11 million in Deals at Real Estate Fair

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Although the goal of 500 homes set by the Chamber of Builders of Nicaragua (Cadur) in the housing fair Expocasa, was not achieved, 300 homes were sold or reserved, and an estimated $10.5 million signed in mortgage loans with banks present at the fair.

The Bank of Costa Rica and the New Housing Act

July 2013

The new law eliminates the minimum legal reserve amount required by the Central Bank of Costa Rica (15%) for funds destined for home loans.

The application of the new law for middle class housing signed yesterday by the Costa Rican government is in the hands of financial institutions who provide loans for house purchases, which still must consider what returns they will obtain.

Loans for Middle Class Housing

July 2013

The Costa Rican Congress is looking at a law for funding homes valued at less than $150 thousand, for families whose incomes are not above $4000.

This plan "... seeks to provide a housing solution through loans to be granted by public banking entities, mutuals and private banks to enable people to get credit and buy a plot of land, a house or to build on their own lot," noted an article in Elfinancierocr.com.

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