The Banco Hipotecario de la Vivienda (BANHVI) has ȼ96.450 million available to grant some 9,500 housing bonds this year to finance the construction of individual houses and housing projects, targeting the lower income population as well as middle-income families.
The budget will allow the placement of different modalities of the bond such as: construction on own lot, purchase of lot and construction, purchase of existing housing; as well as the possibility of Repair, Extension, Improvement or Completion of Housing (RAMT).
It is also envisaged to finance the modality of a bond for a family on the plot of a family member (patio bond) or the construction of two houses one on top of the other.
The general manager of Banco Hipotecario, Dagoberto Hidalgo, commented that the financing for some 9,500 housing solutions financed with the bond over the course of 2021 will represent a contribution of nearly 400,000 new square metres of construction. “This is one of the main contributions of BANHVI to the efforts to achieve the economic reactivation of the country and contribute to the generation of employment,” he said.
On this last point, Hidalgo noted that the construction of social housing, in its different modalities, will be generating some 36,000 direct and indirect jobs in the construction sector over the course of the year.
2020, a record number of bonds granted. 2020 closed with a total of 12,873 bonds granted, the highest figure in the last 20 years, with an investment of ¢120,714 million and the consolidation of the Integral Housing Programme for Middle Income Families, which as of November accounted for 1,824 operations with an investment of ¢51,555 million.
For the Minister of Housing and Human Settlements, Irene Campos, the results far exceeded the proposed goals and all responded to a joint effort of the entire housing sector, which was able to generate an average of 1,072 houses per month in 2020, despite cuts to the budget for bonds, due to the fiscal crisis, generated by the Covid-19 disease.
“With the work carried out, 12,873 families were able to improve their quality of life by owning their own home in a project or individually, and we also contributed to preventing the spread of the virus that causes Covid-19,” said Minister Campos.
The First Lady of the Republic and member of the Presidential Infrastructure Articulation Council, Claudia Dobles, added that, at the same time, “through inter-institutional work we are working to make the processes of delivering social housing more efficient. With this we are able to deliver housing to the population in need and also generate employment and productive chains”.
Where to apply for the Bono de Vivienda. The resources of the Family Housing Bond are administered by BANHVI and channelled through the Authorised Entities of the National Financial System for Housing (SFNV).
These funds come from the Family Allowances and Social Development Fund (FODESAF) and from the Ministry of Finance, through the transfer of MIVAH to BANHVI.
Families interested in applying for the Bono de Vivienda must apply directly at the offices or branches of authorised entities such as: Grupo Mutual, MUCAP, Coocique, Coopealianza, Coopenae, Coopeservidores, Coope Ande #1; Coopemep, Banco Popular, Banco de Costa Rica, Banco Nacional de Costa Rica, INVU and the Costa Rica Canada Foundation. The complete list of entities can be found at: http://www.banhvi.fi.cr/bono/donde_solicitar_bono.aspx
General requirements for obtaining a housing voucher. In order to access the voucher, interested parties must meet six basic conditions required by law:
- Have a family income of less than ¢1,615,932.
- It applies to married or cohabiting couples with or without children, same-sex couples with at least three years of cohabitation, female heads of household, older adults, families with people with disabilities, among others.
- Not having previously received the bonus. The bonus is only awarded once.
- Be Costa Rican or have legalised residency.
- Not owning your own home. You can have a lot to build on with the resources of the voucher or you can apply for the voucher for repairs and improvements to the house you live in.
- To carry out the procedure in an Authorised Entity, where they must provide the documentation, on the basis of which BANHVI verifies compliance with the requirements for the approval of the bond. If the requirements are met, the Mortgage Bank transfers the resources for the construction, purchase or improvement of housing, depending on the modality required by the interested party.