Laura Chinchilla’s Housing Bonds Continue to Face Problems

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    During the election, President Laura Chinchilla promised two new modes in housing bonds. But both face difficulties to run both the deferred bonus as the bonus to build a second floor.

    The Housing Ministry itself has indicated that in the case of bonus second floor, the difficulty is technical reasons, as families require a professional to do the design. This year, the Home Mortgage Bank (BANHVI) has 5,000 million colones, but the lack of execution raised the dilemma of allocating resources to traditional housing voucher.

    In the case of deferred bond (which allows families have a monthly allowance), one of the difficulties is that there is an entity to formulate a sustainable scheme for the placement of this instrument. Last August, Irene Campos, Minister of Housing, said the Mutual Alajuela be offering this alternative however the execution date is null.

    One of the goals of the National Development Plan is that at the end of this administration, they will have a total of 38,000 housing bonds. However, in August this year, the Housing Mortgage Bank (BAHNVI) has delivered 5625 bonds; throughout 2011 gave 10,722 bond and in 2010 a total of 10,722.

    The draft national budget for 2013 indicated that the Ministry of Housing is budgeted 11,264,000 colones, 3854.5 million less than the estimate based on August 2012.

    Administration issue continue to delay and cause problems with this initiative. Administration issues have pledged this government under President Laura Chinchilla since its inception. While Laura herself remains popular her governance has come under fire repeatedly.

    The Costa Rica News (TCRN)
    San Jose Costa Rica

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