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.
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 amount of $42 million was approved for the purchase or construction of low-income housing, through a trust fund created by the Central Bank of Honduras.
As a result of the covid-19 pandemic and the natural phenomena Iota and Eta, the Fiduciary Commission (COFID) of the Central Bank of Honduras (BCH) has approved the injection of an additional $42 million through the trust fund created by the BCH, of which $29 million will be destined for the purchase or construction of low-income housing and $13 million for improvements to low-income housing.
The National Electrical Energy Company is tendering the services for the design of the operating mechanism for the integration of the renewable energy and energy efficiency system in social housing.
Honduras Government procurement ADSERH-6-CCIN-CI:
"The Contractor shall provide technical assistance to the transmission management responsible for the execution of operation HO-L 1186.
In 2019, 426 environmental impact studies were submitted to develop condominiums, apartment buildings and other housing projects in Central American countries.
The interactive platform "Construction in Central America", of the Trade Intelligence Unit of CentralAmericaData, includes an up-to-date list of public and private construction projects that present environmental impact studies (EIS) to the respective institutions in each country.
The National Congress of Honduras approved a trust contract for the construction of 10,000 social interest housing units.
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.
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.
Vertical housing developments in Panama and Guatemala, and the development of a mixed-use project in Costa Rica, are part of the investments planned for the coming months in the region.
The interactive system "Construction in Central America", compiled by the Trade Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects that are expected to be built in the coming months.
In the first quarter of 2019, 76 environmental impact studies were submitted to develop condominiums, apartment buildings and other housing projects in the countries of the region.
The interactive platform "Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country.
Representatives from the sector reported that during the first quarter of the year, 1,069 homes were built, which is equivalent to 14% of the total units that they plan to build this year.
According to the Honduran Chamber of Construction Industry (Chico), so far about $3.4 million has been invested in the construction of 1,069 homes, and to complete the 7,695 housing units planned, about $212 million will be disbursed in 2018.
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%.
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 Hernandez administration has announced that 10,000 homes will be built in Francisco Morazán, in an construction scheme accessing that area that will connect with one of the exits from the Honduran capital to the south.
From a statement issued by the President of Honduras:
Tegucigalpa, January 8.Ten thousand homes will be built in the capital this year, President Juan Orlando Hernandez announced today, as part of the massive construction of housing units throughout the country.
The chamber of construction companies estimates to finish 2017 with 12,000 new social interest houses, and in 2018 they plan to raise this figure to 25,000.
The Honduran Chamber and Construction Industries (Chico) plans to improve figures on social housing constructionwithin the framework of new laws that were approved to facilitate construction and financing for the purchase of this type of housing.
The nicaraguan government has announced a new subsidy on the interest rate for apartments´purchases worth up to $50,000 and constructed within buildings with no more than four floors.
In addition to this new incentive to purchase housing classified as social interest and in high rise form, the Ortega administration has announced that it will expand from $32 thousand to $40 thousand the maximum value of high rise housing that is eligible for the current interest rate subsidy.
Apartment buildings, condominiums and complementary works in Panama, Costa Rica, Guatemala and Honduras are some of the construction projects planned for the coming months in the region.
The interactive platform"Construction in Central America", compiled by the Business Intelligence Unit at CentralAmericaData, includes an up to date list of public and private construction projects for which environmental impact studies (EIA) were submitted to the respective institutions of each country in June 2017.
The housing deficit in the country is estimated at 1.2 million, with the difficulty faced by developers in obtaining financing having become one of the main obstacles.
Representatives from the association of civil engineers believe that in order to solve the problem of homelessness in the country, 45 thousand units need to be built every year for the next 20 years.Of these 45 thousand, 35 thousand will be to cover part of the existing deficit and the rest to meet the new demand that is emerging.