Nicaraguan-Spanish Group constructs low income housing

The Valle Santa Rosa project offers quality economic housing that are spacious and build from quality materials.

Tuesday, September 30, 2008

Javier de la Calle, Director of Desarrollos Urbanos de Centroamérica (Central American Urban Development), said that despite not having approved the Decent Housing Law and in spite of the difficulties facing the sector (including the constant increase in the price of construction materials due to the impact of international oil prices), the company that he heads will continue to build around 1000 low income homes in the outskirts of Sandino City.
Monthly payments on the houses will be reduced by 40% if the Decent Housing Law is approved as it includes a direct subsidy on the interest rate, urban developers (who are building the homes for working sector) said.

More on this topic

Housing Through Leasing and Securitization

July 2017

In Guatemala a proposal has been made to apply mechanisms such as leasing and securitization to facilitate house buying.

From articles published on
"With the goal of providing Guatemalans with access to a decent home, national and international experts in the development of housing and infrastructure tools this morning proposed housing leasing and securitization. During the event,  a presentation was given on the functioning of housing leasing, a mechanism which would provided an opportunity for access to housing for those people who do not have a down payment to buy their first home."

Guatemala: Residential Construction Up 3%

November 2015

The union expects year-end residential construction will grow by 3.5%, below the 3.8% projected by the Bank of Guatemala.

The residential construction sector remains low but with stable growth, driven by the construction of high rise housing in urban areas, particularly in urban areas, a zone that professionals and young families belonging to medium-high socioeconomic level favor because it is closer to the city.

Costa Rica: $7 Million Urban Renovation Project

July 2010

“Banco de la Vivienda” (Housing Bank), will invest in renewing urban infrastructure in the area known as “Los Guido”.

The project also includes building and equipping a roofed gymnasium.

Juan de Dios Rojas, CEO of the housing bank Banhvi, told newspaper La Prensa Libre that “they approved $3.43 million for sector six, and $3.51 for sector seven”.

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