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NICARAGUA has embarked on a major housing development programme that will provide thousands of homes for the country’s low-income families.
President Daniel Ortega announced the project, under which 900,000 new units will be made available to those earning less than $400 (£300) a month, in bid to address the country’s housing deficit.
More than 900 applications have been made to the Bismarck Martinez Programme for a Safe and Dignified Home, and Vice-President Rosario Murillo explained that 50 properties would be made available in the first stage of the project.
“We are going to advance to the second stage. We will start the urbanisation works immediately to enable another 100 lots of land and then next week … we will be presenting the location of the third stage with 600 lots of additional land,” she said.
The Chamber of Urban Developers of Nicaragua explained that the project was needed to reduce a housing shortage which, according to the Inter-American Development Bank, requires at least 20,000 new houses to be built every year.
With those who move into the new homes paying $20 (£15) a month for six years, the scheme will bring affordable and good-quality housing to thousands of low-income families across 134 of Nicaragua’s 153 municipalities.
Ms Murillo added: “This national programme is going to be replicated in the 134 municipal mayors where the Sandinista front governs.
“The mayors of the FSLN [Sandinista National Liberation Front] will identify the land to initiate the dissemination and registration to participate in the Bismarck Martinez National Programme, also in the 134 municipalities of the country, where we are working for the common good and for all.”
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