Cemex in the Dominican Republic and the Venezuelan business group BAK have signed an agreement to build a 760-home residential project which will integrate residential, commercial, social, recreational, and educational uses. The homes will be priced as low as US$48,000.
The Colinas del Viento housing project will be located in northern Santo Domingo and comprise 760 units, 124 of which will be ready by next year. This innovative urbanization project has “Welcome Home” as its slogan, and is based on a concept of organised and auto-generated communities which help people achieve the dream of home ownership.
The agreement, through which Cemex will provide its ready-mix concrete technology for the construction of the homes, was signed by Carlos Emilio Gonzalez, President of Cemex in Dominican Republic, and the President of BAK Group, Mariano Briceño.
“In Cemex we have evolved from a building materials provider to a provider of integrated building solutions, working hand in hand with developers and contractors to fight the housing deficit through the construction of dignified housing,” says Carlos Emilio Gonzalez.
Cemex’s housing strategy is designed to address the significant housing deficits in developing countries, chiefly Mexico and the countries of South and Central America, the Caribbean, and Asia. Our goal is to demolish building and development paradigms that limit the affordability of home ownership for low-income families by establishing cooperative relationships among low income communities, government agencies, developers, and the financial sector.