Boost to Popular Housing Construction

The president of the National Agricultural Development Bank (Banadesa), Johnny Handal, and vice president of the Honduran Chamber of Construction Industry (Chico), Oscar Calona signed off on a program for building popular housing.

The project will benefit families earning less than four minimum wages, and will start with almost a thousand houses in Tegucigalpa, which are to be financed with funds that will be raised by Banadesa’s Private Contributions Regime (PAR), the newspaper La Tribuna reported on its website.

Source: latribuna.hn

More on this topic

$211 million for construction in Honduras

January 2009

The Central Bank announced the availability of the funds to finance the construction of homes.

Latribuna.hn reports: "The president of the Honduras Chamber of the Construction Industry (CHICO), William Hall, announced that the Government will build more than 10,000 years this year with the financial aid.

Honduras: Urgent Need to Resume Social Housing Projects

August 2010

Of 21 social housing projects only eight have been approved with the remaining 13 due to begin the tender process by the end of the year.

The Honduran Construction Industry Chamber (CHICO) indicated that there is a need to make changes to the public works department's (Soptravi) bid process in order to make it simpler.

Construction Recovers in Honduras

March 2011

In February, the sector reported an increase of 4% over the same period of 2010.

The president of the Chamber of Construction, Alejandro Alvarez, explained the recovery is mainly due to private projects in commercial areas of Tegucigalpa and San Pedro Sula.

The executive told Laprensa.hn, "Investors have recovered confidence and the Chamber has done everything possible with private banks for them to engage more in social housing projects."

Honduran Construction Industry Down 40%

July 2010

The construction industry in Honduras has fallen 40% in the last 5 months.

Chico, the Honduran Construction Chamber, asked the government to reactivate a number of public construction projects, to create jobs in this sector.

Additionally, he noted that the banking system has $1.7 billion available, which could be loaned to their industry, as it is very stable and enjoys low interest rates.