Costa Rica: $ 788 million for Housing Loans

©image: Tess Heder

Banco de Costa Rica (BCR), Banco Nacional and Bancrédito, have placed more than 20% of their portfolios in this area.

In the case of Banco Nacional, the institution will provide $ 535 million of which $ 347 million will be targeted for families with low and middle income.

Nacion.com adds: “BCR will offer $ 240 million for housing.”

Source: Nacion.com

More on this topic

El Salvador: $103 million in Credit for House Purchases

January 2012

The Social Housing Fund (FSV in Spanish) plans to invest about $103 million in 2012 in some 6,300 loans, favoring the demand for new housing.

A FSV press release states:

The Social Housing Fund has significantly exceeded the lending figures in 2011 compared with the previous year, it is estimated that the increase will be about 14.5% in number and 8% in value compared to 2010.

Credit for Homes in Costa Rica Decreases

January 2012

The four state-owned banks intend to lend $682 million in housing in 2012, 20% less than last year.

Publicly owned banks (National, Costa Rica, Bancrédito and Popular) have set a goal of granting ¢351,000 million ($682 million) in housing loans during the course of 2012, reported Nacion.com.

Costa Rica: $176.9 Million for Housing

February 2009

Banco de Costa Rica (BCR) has earmarked $176.9 million (¢100,000 million) in loans for housing in 2009.

The reporter, Mercedes Agüero, wrote in Nacion.com: "This amount will allow 6,000 families to build or buy a home. The interest rate for these loans is the equivalent of the base rate plus 3 points."

More Credit Requested in El Salvador

March 2012

Employers have suggested that the Social Housing Department raise the ceiling for lending to $125,000, in order to create opportunities for lower-income segments.

The Salvadoran Chamber of the Construction Industry (Casalco) has proposed that the Social Housing Fund (FSV) increases to $125,000 its lending ceiling, seeing as it is now being analyzed, reported Elmundo.com.sv.