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Microcap & Penny Stocks : PanAmerican BanCorp (PABN) Info and Positive Thoughts Only

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Nov 7 9:30 AM EST

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To: jdcpa who wrote (927)	1/22/1999 2:09:00 AM
From: John PD	Read Replies (2) of 1129

This was in Belize's paper The Reporter yesterday. Interim housing program cranks out five houses Ministry of Housing told Cabinet Tuesday that its housing project is gathering momentum. According to a report to Cabinet, the interim housing program put in place in September 1998 with some $3 million has seen construction commence on 50 houses with another 25 set to start soon. Attorney General and Minister of Housing Dickie Bradley along with area representative Ainslie Leslie was scheduled to hand over five houses to owners in San Ignacio Friday. The houses were built under the interim housing program which was implemented pending what the government describes as a massive housing project scheduled for later this year in new satellite towns. The proposed satellite towns, for which site analyses were submitted to Cabinet, include the area along the Burrell Boom-Hattieville corridor and along mile 25 on the Western Highway. Cabinet then requeste a site analysis for the La Democracia area. According to a government press release, the five houses in San Ignacio were built at a cost of approximately BZE$35,000 each. Two of the three bedroom houses are located in the Cahal Pech area of San Igacio and the other three were built on Third street. Construction of the houses started in late November, last year, and was completed this month by contractors Ray Foreman, Valentin Torres, Antonio Aguirrez and Joe Lisbey.

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