Impact Housing Provides Affordable Housing in Panama

The co-founder, president, and CEO of iPoint Capital Partners in Panama City, Hilt Tatum IV leads the firm’s private equity and venture capital initiatives. Under his stewardship, the firm has interests in companies that have, in total, over 1,000 employees in seven countries. Hilt Tatum IV is also the CEO of Impact Housing Corporation based in Panama.

Impact Housing plans to build 5,000 affordable homes in Panama and will be investing $250 million, over 10 years, in the projects. Impact Housing has three housing projects. First, The Dream of Soná is located in Sona, Veraguas, with 90 hectares dedicated to residential development and 10 hectares for commercial purposes. The master plan calls for 2,200 homes to be constructed with a starting price of $49,000. The development broke ground in October 2013, and the projected completion date is 2024.

The second project, The Dreams of Santiago, is located in Santiago, Veraguas. Residential development spans 73 hectares, while 4 hectares will be devoted for commercial purposes. Around 2,000 homes will be built priced at $50,000. The project began in December 2015, and the planned date of completion is 2024. Impact will provide further details in the future regarding its upcoming third project, The Santiago Reserve.