Honduras: Subsidy for Social HousingMonday, January 22, 2018 The government has announced that it will have $8 million to subsidize interest rates on loans for the construction of six thousand middle class homes. This is the second announcement made by the Hernández administration so far this year regarding financing for the construction of low-income housing. At the beginning of January, financing was reported for the construction of 10,000 homes in the capital and its surroundings. El Salvador: Subsidies Proposed for New HomesMonday, March 2, 2009 The project by the Construction Chamber is a subsidy on interest rates for new home purchases with a value not to exceed $63,000. La Prensa Grafica published on its website: "'CASALCO (Salvadoran Construction Industry Chamber) has taken a law which is in effect in Panama as a model. The proposal is for financial institutions to grant a subsidy on mortgage loans for individuals through interest rates. Nicaragua: Changes to Housing Subsidies RequestedFriday, January 6, 2012 Construction industry representatives have asked the government to raise the ceiling applied to subsidies for the purchase of social housing. The government maintains the position of not raising the price ceiling of $20,000, saying that it would not benefit low income families. Nicaragua: More Housing Based on SubsidiesWednesday, November 11, 2015 The Chamber of Constructors expects to sell build and 6000 new homes with funding supported by the reform of the Law on direct subsidies. An article on Elnuevodiario.com.ni reports that "... In September and October 300 homes were sold, an accelerated performance which is a result of the approval of the direct subsidy through Invur, these are families who do not have a deposit of 10% for affordable housing, " said Hector Lacayo, first vice president the Chamber of Builders of Nicaragua (Cadur). " Nicaragua: 6,000 Affordable Housing Units for 2017Thursday, December 1, 2016 The union of builders plans to increase the supply of these homes to 6000, and is asking the government to guarantee more direct subsidies and improve access to financing. The president of the Chamber of Builders of Nicaragua (Cadur), told Elnuevodiario.com.ni that "... 'We are asking the Government to guarantee us 2,000 direct subsidies, grants for housing supply, since 50% of our housing supply is of social interest and sales made with this type of housing need to be guaranteed by a grant for the deposit'." Guatemalan Builders Claim for Housing SubsidiesFriday, September 30, 2011 The Chamber of Construction Companies is urging the Government to create a new financing model for home purchases. Employers propose that the government subsidize up to four interest rate percentage points for the purchase of homes under $38,000 and up to two points for homes between $38,000 and $51,000. Current interest rates fluctuate between 7.5% and 9%. Incentives for Social Housing IncreasedWednesday, October 25, 2017 The law reform approved by the National Assembly raises from $32 thousand to $40 thousand the cap to receive a subsidy for social interest housing and up to $50 thousand for housing in condominiums and apartments. With the reforms, the ceiling for receiving the subsidy for social interest housing is increased from $32 thousand to $40 thousand for a single family dwelling and up to $50 thousand for multifamily housing, the latter is a new feature of this initiative, specifically for condominiums and apartments. Boost to the Vertical Housing BusinessTuesday, September 26, 2017 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. Panama: Preferential Interest Rate Law ChangesFriday, March 23, 2012 The National Assembly has given the final approval to increase ceiling rate for preferential interest to $120,000, which will have a direct impact on the housing market. The plenary of the legislature approved on third reading bill no. 241, by which the ceiling for preferential interest rates has been increased to $120,000 reported Capital.com.pa. $ 20 Million for Housing in NicaraguaFriday, January 14, 2011 The resources of the Inter-American Development Bank will go towards the construction of social housing. The announcement was made by representative of the IDB in Nicaragua, Mirna Liévano, with the Ambassador of Spain Antonio Pérez-Hernández Torra, a country which provided the resources to conduct the study of the housing project to be implemented this year. Panama: Works on Aqueducts for $14 millionFriday, November 16, 2012 Financing has been obtained for two water projects for indigenous populations. Prensa.com reports that "The Ministry of Finance yesterday approved two projects for nonreimbursable financing agreements, known as donations or direct subsidies, with two international organizations to provide new water systems for indigenous regions. The total amount of these grants will be $14.2 million, as reported yesterday by Deputy Economy Minister Omar Castillo. Measures for boosting the construction industry in GuatemalaThursday, October 23, 2008 The Construction Chamber of Guatemala proposes, among other measures, the reduction of home buying taxes. The Chamber has also proposed creating a liquidity fund for housing, as well as a guarantee fund that would grant direct subsidies to buyers to reactivate the industry. Nicaragua: Social HousingTuesday, October 18, 2011 The rising costs of materials and the government's refusal to raise the ceiling price on affordable housing could derail the National Housing Plan. The Government is maintaining its position of not raising the ceiling price of $20 000 to $26,500, saying that would not benefit low income families. El Salvador: Housing Allowance LawWednesday, December 19, 2012 A preferential interest law is being studied which would reduced by up to 50% the amount of the fees to pay for mortgage loans from private banks for the purchase of home. Elmundo.com.sv reports that "The Salvadoran Chamber of Construction Industry (Casalco) is seeking to encourage the purchase of new houses through the creation of a preferential interest law, which would reduced by up to 50% payments for loans made by private banks. " Official Announcment for Construction CompaniesFriday, March 23, 2012 The Guatemalan Housing Fund -FOGUAVI- is calling for the registration of construction companies interested in prequalifying to enter the Banco de Empresas Profesionales. The FOGUAVI, promotes every year a program of registration and classification of development companies in order to evaluating and reclassify them so that they can join the Banco de Empresas Profesionales (Bank for Business Professionals). |
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