Housing Policy

The government approved a long-term National Housing and Human Settlements Policy on October 17 to coordinate public, private, and financial-sector efforts in addressing Honduras's estimated 1.6 million housing shortage, including subsidies and bonds for low-income families.

Congressman Javier Vaquero (Libre) introduced a proposal to establish a national social-housing system allowing renters to build equity toward homeownership, targeting Hondurans excluded from traditional bank mortgages.

Housing Secretary Francis Argeñal said 75% of Honduras's population lacks access to bank credit, prompting the government to develop a national financial-inclusion plan and subsidy policy for housing projects.