Doves is a community development organization providing complete housing and mortgage solutions for local families in Costa Rica. The existing market for entry level housing remains virtually untouched with 1000’s of eligible families waiting for an affordable opportunity to purchase a home.

The founders of Doves have one common goal; find a solution to the challenges facing these families.

The results of effectively directing this passion was the formation of an experienced team of like minded people who have collectively built a successful business model that provides affordable housing opportunities for families in Costa Rica.
 

The product that Doves has developed and incorporated into the business model is simply a "housing and mortgage solution package", consisting of two components.

Number one is the design and construction of single family homes that meet the quality standards set by the mortgage providers. The purchase price of these entry level homes, including the lot, start at $27,000 USD for the lower income market and range upwards to $80,000 USD for the middle income market.

Number two is the support package offered by the company's in-house mortgage specialists who have established relationships with key lending institutions to assist the new home owners with the financing process.
 
The Doves business model provides a realistic and demonstrated solution to capture a large portion of the available market and assist many families in attaining their dream of home ownership.

Thousands of low and middle income families in the Costa Rican community have been excluded from the prospect of entering the housing market. The shortage of entry level affordable housing is felt in every area of the country.

Those affected are hard working families with permanent jobs and disposable income who consider their home to be the core building block for the future of the family unit.

A contributing cause to this shortfall is a lack of responsiveness from three vital areas;

1. Government Sector

The government housing bank provides the only source of grants available to help families qualify for mortgages. The process is long and these funds are only available to the very low end of the housing market.

2. Financial Sector

Financial institutions in Costa Rica have not aggressively pursued the entry level affordable housing market opting instead to focus on financing traditional high-end housing and resort development.

3. Construction Sector

As a result very few construction companies entered the affordable housing market, and those that remain build a limited number of homes each year.

These contributing factors have left 1000’s of families waiting for new entry level affordable housing opportunities.

“Community Costa Rica” will be completed in stages by constructing new homes consisting of 30 to 100 plus affordable entry level housing units each.

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The resources needed to fund the building of the new homes will be raised through Private Investment in "Community Costa Rica" and used in combination with revenue generated from the sales of the homes during the development and construction period.  

Doves International Development has opened participation in "Community Costa Rica" to those who seek steady growth and good returns, all while giving back by placing their resources into initiatives that contribute to the betterment of the communities these developments serve.

Participation can be by one individual, by a group of individuals or by any corporate or philanthropic organization.
 

Milestones Achieved:

Management team with Costa Rican housing and mortgage expertise

Target market has been clearly demonstrated and accessible to the company

Design and engineering plans of the houses are approved and completed

Properties for the first stage construction have been identified and confirmed

The Construction services are secured and part of the Doves group

Mortgage funding established with key financial entities in the country

Large number of pre-qualified home buyers in place – construction can start immediately