President Daniel Noboa Azin delivered the first 30 social interest homes under the Miti Miti program on Apr. 19 as part of the Portonovo Housing Project, which aims to provide a total of 945 houses in Manabí. During the event, Noboa also handed out 179 property titles to people affected by the earthquake in Manabí.
The initiative is designed to increase access to dignified housing through public-private partnerships. The government said that more than USD 1.2 million was invested in these initial homes. “My commitment is to continue driving these changes, tirelessly, so that no one is left behind,” President Noboa said at the ceremony. He added, “Together with you there are now more than 8,000 families across Ecuador who dared to believe, who trusted and who today can say with certainty that they have their own home.”
The newly delivered houses are single-family units with land areas ranging from 95 square meters up to 120 square meters and built spaces between approximately 36.64 and 69.85 square meters. They come in two- and three-bedroom models with one or two bathrooms each and include communal green areas, family recreation spaces, basic service infrastructure, a wastewater treatment plant, and organized residential stages.
Minister of Infrastructure and Transport Roberto Luque said: “We all Ecuadorians must get to work making this year one for construction (…). That’s why it’s important to create public policies like this project that allow private sector participation.” Johana Álava, a new homeowner through Miti-Miti, commented: “I had no problem accessing the National Government’s project and I invite everyone to dream of their own home because it is our right.” Octavio Velásquez thanked President Noboa for helping legalize properties for citizens: “Thank you president because this government is working for everyone across the country—for us.”
The program offers technical, financial and social criteria including preferential mortgage loans at an interest rate of 4.99 percent with five percent down payments over terms up to thirty years.
According to officials at the event, through its housing policy efforts like Tu Casa Miti-Miti program—responsible for placing over eight thousand four hundred thirty-eight mortgage loans nationwide—the government seeks not only increased homeownership but also job creation and economic activity within Ecuador.
