El Salvador Begins Construction of 1,500 Homes

The Santa Lucia project consists of 1.068 apartments, divided into 57 buildings on three levels. To date the fund has awarded the construction of the first 16 buildings -192 apartments - to two companies. For the rest of the development, FONAVIPO will receive bids from firms on 6 May. The planned investment in this complex is $23,721,000.

A few kilometers away from the site is the Procavi complex, a housing project of 416 apartments, whose construction is also underway.

According to information from FONAVIPO the first phase of building will see the construction of four groups of buildings (27 in total, 216 apartments) that were awarded to other companies. Further bids are expected to be received by early May for the other half of the project. The Total investment is estimated at over ten million dollars.

Source: Presidencia de la República El Salvador

More on this topic

El Salvador Starts Constructing Social Housing Project

April 2010

The Housing Fund (FONAVIPO) will invest $2.3 million in building 192 apartments for those affected by tropical storm Ida.

The building complex will be located in Apopa. Its mayoralty will conduct the topographic studies and Fonavipo will execute the construction.

Marco Fortín, president of Fonavipo, told newspaper La Prensa Grafica that a similar project, “Belén” urbanization in San Miguel, will be awarded the next Friday, after two months of delays.

El Salvador Bids $ 23 Million in Construction

November 2010

The National Housing Fund will start in the coming days the bidding process for 3 condominium projects.

From Friday 26th to Monday 29th the bidding will begin on a 1,068 residential apartment project in Santa Lucia and one of 416 units in Procavi. The first is valued at $ 16 million and the second at $ 7 million.

Bids Invited For Housing Project in El Salvador

September 2009

The Housing Fund ('Fondo de Vivienda'), invited bids for the construction of 503 social housing units in project 'Nuevo Belén'.

Marco Fortín, president of FONAVIPO, the National Social Housing Fund, explained they will receive bids through the month of October, with the winner being announced 15 days later.

El Salvador Invites Bids for Building 390 Homes

October 2009

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).

Elsalvador.com reports: "Each house will be built with cinder block walls, fiber cement board roof and lattice windows ...