With the aim of improving the housing conditions of people with lower economic incomes or in conditions of poverty and extreme poverty, the Ministry of Housing and Territorial Planning (Miviot) is working on a proposal for a General Housing Law, to be presented to the National Assembly.

The government entity devised this draft law in conjunction with the Inter-American Development Bank (IDB), a proposal that aims to provide facilities to be able to access a dignified and decent property.

The terms and formulation of the articles must have a correlation with the existing transparency and construction laws, so that once presented it can be prohibited.

The advice of the IDB is important for its experience and momentum in real estate development in the sector of social interest.

In this sense, the members of the IDB team place special emphasis on the quality of housing, which guarantees the safety of the families who access this property.

It is also proposed to avoid conflicts between institutions and clearly define the competences of each one, to avoid that the processing is extensive when issuing the different permits or authorizations, either for the construction of residential or commercial units.

The same team remained together to give continuity to the proposal for the modernization of Law 93 of October 4, 1973, which regulates the lease regime in the country.

Law 93 on leasing has been governing for five decades and with the passage of time it has become outdated and with a lack of investment from the private sector, for articles that contradict the interest of investors in this real estate sector.

Studies show that some families do not want to invest in a property whose financing is 30 or 35 years, preferring to stay in a temporary or long-term lease, with the aim of returning to the province or country of origin.

With the work being done, it is proposed to make a public-private partnership, in which the private sector is encouraged to invest in new real estate units of leases with an affordable cost for the customers of this product.

Another point that the Miviot wants is to guarantee the mandatory registration of all lease contracts and with the modernization of Law 93 it will be explicit in one of its articles, otherwise exemplary sanctions will be imposed for non-compliance with the Law.

It is proposed to establish a Conciliation Board that will impartially try to ensure that the parties, landlord and tenant, reach agreements and avoid long judicial processes.

In the coming weeks, the approaches of the parties will follow to conclude both projects and in this way request the Legislative courtesy of room to present the draft bills, which must then be discussed by the Public Infrastructure and Channel Affairs Commission.