Honduras: $79 Million for Housing Construction

©image: Glenda Owens

Enrique Briceño, former Housing Minister and representative for the Honduran Construction Industry Chamber told El Heraldo: "The solution to this crisis has begun in the housing sector and infrastructure investment. More than 1.5 billion Lempiras are reaching the poorest population at an interest rate of 9 to 10%."

Source: elheraldo.hn

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$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.

El Salvador: Construction After Banking Flexibility

April 2009

In the absence financing solutions, the construction union sector initiated meetings with private banks.

The Salvadoran Construction Industry Chamber (CASALCO) is not seeking massive loans, but more flexibility in granting credit.

La Prensa Grafica published on its website: According to Nolasco, the hope is to find new funding mechanisms in private banking, as well as to know what the requirements are to gain access to resources. Earlier this year, several construction companies went to the the Multisectoral Investment Bank (BMI) to look for financing mechanisms that would allow the development of 11 housing projects that needed an investment of $70.1 million, of which $31 million was expected to be obtained from the second-tier bank."

El Salvador: 6% Decrease in Construction for 2008

May 2009

Lack of credit, the uncertainty of an election year and rising material and oil costs were the principal causes.

The Salvadoran Construction Industry Chamber (CASALCO) had predicted zero growth.

German Rivas of Laprensagrafica.com published statements by the Executive Director of CASALCO in his article: "The expectations for 2009 are not very optimistic.

Panama: $170 Million for Mortgage Loans

September 2010

During this year, the "Caja de Ahorros" (CA) aims to place $170 million in Mortgage Loans.

By the end of August $73,2 million have already been lent and the goal is to double this amount, pointed Rodrigo Arosemena, General Manager of this organization.

Arosemena commented to Panamá América that "...we will focus on promoting savings and we will increase mortgages, mainly those with preferential interest or under $30 thousand."