The idea is to build houses worth less than $20,000 in order to facilitate the purchase of decent houses by low income families.
This solution is currently being discussed by representatives of private companies, banks and the Nicaraguan government and an agreement could be reached within weeks, reports Laprensa.com.ni.
An idea which has consensus is to promote housing projects of social interest which are valued at less than $20,000, in order to help families with very low average monthly incomes. Another idea is that banks accept long-term finance from households earning from $301 per month. And while private builders are asking to limit the value of a social housing unit to $26,500 at most, the government has agreed only for the Nicaraguan Institute for Urban and Rural Housing (INVUR), to check on a "case by case" basis.
The Valle Santa Rosa project offers quality economic housing that are spacious and build from quality materials.
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.