Honduras: $50 Million in Housing

The goal of the project is to build 3.300 social housing units for low income people.

Thursday, January 14, 2010

Dilcia Galo is the director of the program. She remarked they have already awarded the construction of 2.500 residences, and are in the process of awarding the remaining 800.

Galo explained that the Government has created a $50 million trust fund at the Central Bank of Honduras to finance the construction of these residences.

More on this topic

$7 Million for Housing in El Salvador

August 2009

The funds loaned by IDB, will be administered by the National Fund of Social Housing, and will enlarge the lines of credit micro finance institutions.

Low income families will be able to access these credits to finance their homes or lots, upgrade their residences or home building.

$ 20 Million for Housing in Nicaragua

January 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.

Nicaragua: 4.000 Social Houses Projected

February 2011

Development companies expect the Government to allocate $ 40 million for the construction of social housing by mid-year.

The Builders Chamber of Nicaragua (Cadur) said the funds will achieve the goal set by the Nicaraguan Social Security Institute, INSS, of 4.000 homes for 2011.

$45 Million for Housing in Nicaragua

January 2010

The Nicaraguan Social Security Institute will use the money to build 4.800 social housing units.

A group of banks will administer the loans, which will charge interest rates of 8%. They are "Banco de la Producción" (Banpro), "Banco de Finanzas", "Banco de Crédito Centroamericano" (Bancentro) and "Banco de América Central".

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