El Salvador Housing Plan Aims to Provide 'Good Living' for All

Providing proper housing is seen as central to ensuring a decent life for the people of El Salvador.
Up to 8,400 families will benefit from a mass investment plan to improve urban housing in El Salvador, President Salvador Sanchez Ceren announced Wednesday.

An estimated US$43 million will be put towards building new homes and improving existing urban neighborhoods, Ceren said during the launch of the National Policy on Housing, intended to improve living conditions for the country’s most impoverished.

The government's objective is to ensure a “Good Living” for the entire population. Tackling the problem of housing is seen as one of the most important issues to achieve this aim.

RELATED: Venezuelan Social Housing Project Delivers 700,000th Home

One of the main ways to provide proper housing in El Salvador has been through cheap loans, made available through the National Popular Housing Fund.

"This year the Fund has established itself as a leading institution in the financial system, with a share of over 60 percent in lending. At the end of this year, the Fund will have made an historic investment of US$139 million in loans for house purchases," said the Fund’s president, Sanchez Ceren.

"To date we have delivered more than US$20 million in loans for the Youth House, responding to a heartfelt demand for Salvadoran youth," she added.

Ceren further said that the government is solving the problem of the legality of land lots and parcels, with 3,500 families provided judicial security over their property this past year alone.

The news comes as figures released last week show that the Venezuelan government's housing mission has constructed nearly 100,000 new homes since the start of the year. The mission has now constructed a total of 752,585 housing units, Housing Minister Manuel Quevedo said.

In January, the ministry put the number of completed housing units at just under 676,000, suggesting the Venezuelan government is building an average of more than 200 units each day.

Source: telesurtv.net