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Inter-American Development Bank approves $20 million spending for Nicaragua to support housing for low-income families

Friday, September 9, 2011

The Inter-American Development Bank announced the approval of $20 million in financing to support a housing and neighborhood improvement program focused on low-income families in Nicaragua.

The Nicaraguan government, the Central American Bank for Economic Integration and the Dutch International Guarantees for Housing Foundation, backed by a council that twins cities in The Netherlands and Nicaragua, will provide additional funding.

A key component of the program will promote the improvement and progressive construction of housing, providing subsidies to families earning up to $370 a month.

Original source: Hispanically Speaking News