Vivienda Housing and Mortgage Corp. (“Vivienda”) has a simple 10 step program for promoting the purchase of affordable low cost homes in Costa Rica and Central America and helping others in the world. Here is a basic point by point description of the humanitarian real estate program we use. If you have any questions, please feel free to contact us.

Our Simple Process
1. Your Vivienda agent has a list of available lots suitable for the construction of low cost housing in Costa Rica and Central America.
2. The Purchaser signs a Real Estate Purchase Agreement and purchases one of those lots and the construction of one of our 2 or 3 bedroom affordable low cost home models.
3. The Purchaser also signs a Property Management Agreement, which allows a trustee to supervise and protect one's purchase for a 3 to 5 year period.
4. Vivienda builds the chosen affordable low cost home model on the lot you purchase.
5. Vivienda sells the completed, affordable low cost homes and lots to pre-qualified local working families.
6. Eligible families are pre-qualified by Vivienda's affiliate organizations, such as foundations, NGO's, employee associations and labor unions.
7. The property management collects the sales proceeds and immediately purchases another lot and repeats the construction process.
8. This process allows Vivienda to build from 6 to 10 homes, depending on the property management period, thanks to just one purchase!
9. Once a year the purchaser is paid their capital gains from the sale of the houses of no less than nine per cent (9.00%) in the first year, and no less than ten per cent (10.00%) in each subsequent year.
10. Once the property management period expires, the purchaser receives their principal and any outstanding capital gains back.

Vivienda is not a charity. We believe that to ensure long term success projects must be financially sustainable and commercially reasonable. Our process does exactly that, for the benefit of all concerned. Purchaser safety and security is accomplished with land development trusts, title to land and registered mortgages at Costa Rica's Registro Nacional.

To avoid currency variation problems, Vivienda uses United States of America dollars for all of its pricing. However, to facilitate purchasers, Vivienda will accept purchases in Canadian dollars, European Euro's, British Pounds and Japanese Yen converted at the current "buy" rate for that currency on the date of the purchase. If you prefer, we would be pleased to talk to you about making a Canadian dollar or Euro denominated purchase instead, in which case capital gains are repaid in that currency.

Property management services are provided by Costa Norte Trust Company S.A. of San José, Costa Rica. Costa Norte Trust Company S.A. specializes in Land Development Trusts and Property Management, and assists Vivienda with its syndicated mortgage pool requirements. Costa Norte's CEO is Luis Yglesias, M.B.A.

Construction services are performed by Gestores de Vivienda, S.A., of San José, Costa Rica. It is managed by Rafael Hernandez Salas, Master Builder, of Santa Barbara, Costa Rica. Gestores has been engaged in affordable, low cost housing for a number of years now. Gestores works closely with Vivienda to complete house sales to local families, and coordinates those sales with the property management team.

Mortgage financing services are provided by different foundations. The best known is the CIDA funded Costa Rica - Canada Rural Housing Foundation, located in San José, Costa Rica. Another is the Fundación Fondo Internacional RPC, also of San José, Costa Rica. We also work with Costa Rica´s BANVHI ("Banco Hipotecario de la Vivienda") and with the country´s National Emergency Commission ("Comisión Nacional de Prevención de Riesgos y Atención de Emergencias").

Vivienda works closely with its affiliates to sell its affordable low cost housing and lots to eligible working families. Vivienda manages the marketing program in Canada, Europe and the United States of America. Marketing and promotion officers for Vivienda are Dexter Dombro, B.A., LL.B., and Dr. Kochurani Dombro, B.Sc., DDS. Many others are helping in this humanitarian real estate effort. Why don´t you join this socially responsable process?