El Salvador Awards $6 Million in Home Building Contracts

©image: Wayne National Forest

Marco Fortín, president of the institution, explained that works are poised to start on May and should be ready in two months. “This project could generate some 4.500 jobs, between direct and indirect ones”, added Fortín.

These houses are part of the project “Casa para Todos” (Housing for everyone), and will cost around $12.000 each.

Source: laprensagrafica.com

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Changes to the tender process of program “Housing for All” ("Casas para Todos") eased up on requirements for construction companies.

Current legislation requires the contractor to have developed at least three similar projects to the one which is being applied for. With the new changes construction companies can apply without having been specifically devoted to urban development projects.

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The National Housing Fund began the bidding process, earmarking $3 million for it.

12 municipalities will be benefited with the project, which is part of the program "Housing for Everyone" (Casa para Todos).

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BCIE and IDB funds will finance the "Casa para Todos" (Housing for Everyone) program.

The $ 70 million Inter-American Development Bank loan will go to build 6.373 homes for low-income families, of which 2.000 would be ready by March 2011.

The credit of the Central American Bank for Economic Integration (BCIE), of also $ 70 million, "will be implemented by the National Housing Fund (FONAVIPO), which will bid the affordable housing projects to developers," Elsalvador.com reported.

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Marco Fortin, president of the institution, referred to the seven projects managed by the government under the Home for All program.

The more advanced projects are those of Nuevo Belen, with 495 houses, which this year will begin title process, and La Bretaña with 1,875 homes.