staging
Increase amount to carry out housing actions to revive economy
Real Estate Market | May 06, 2020 |

The Ministry of Agrarian, Territorial and Urban Development (Sedatu) will invest 6,650 million pesos (mp) in the emerging popular housing strategy that will be carried out through the Urban Improvement Program (PMU) 2020, in coordination with the National Fund of Popular Rooms (Fonhapo), as executing agency, to carry out 50 thousand housing actions.

For new housing, the support will be up to 240,000 pesos and 20,000 shares. And for the expansion, which involves the construction of an additional bedroom, a bathroom, kitchen, among other works, the maximum subsidy will be 90 thousand pesos and 8 thousand 500 shares; indicated David Cervantes Peredo, undersecretary of Territorial Planning.

Complete article (Spanish)

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