According to a report from the General Audit Office (AGN), the public company that builds houses to sell them to military and civilian personnel of the Navy, the Prefecture and the Ministry of Defense, has financing conditions that "distance" themselves from prospective buyers.

The firm in question is Housing Construction for the Argentine Navy (COVIARA), born 44 years ago. In 1995 the company stopped receiving funds from the National Treasury and since then remains exclusively with the commercialization of housing financed cash or units low rates.

On the one hand, COVIARA sells houses to "specific beneficiaries" who are serving in the Navy, and Defense Prefecture, and have priority in offers. If too many units are offered to "support staff" of other security forces and public administration, with a surcharge of 10%; and if it still remains a remnant, it calls "third party" for governing prices and market conditions.

Sales for the first group are by reservation contracts with a minimum savings of 15% and maximum 75% of the estimated value of the transaction. It also provides funding with a nominal annual interest rate of 11.5% and a maximum of 240 monthly shares, which should not exceed 33% of household income or 50% of the salary of the holder.

From these data, the watchdog concluded that "the financing conditions of the company distance to specific beneficiaries of the acquisition of housing, because it forces them to be a major prior savings to reduce the share, or to get (credit) from a bank to pay cash."

The company, meanwhile, said that "it is not responsible for the distance between the values of the building and the salaries of a large part of their beneficiaries." After this release, the watchdog said: "The responsibility of COVIARA is to provide solutions to the distance between the aforementioned extremes."

Regarding the other types of buyers, the AGN detected that a house was sold to a complementary customer, strictly speaking, second on the list of priorities, "before the general sale opening". It was in the complex Milenium 74 Centennial Park, in the City of Buenos Aires. There was also a sale made to a third party "comparable value for the price paid for a specific recipient" and not at market value. In fact, the buyer of the department 6th B came out $ 82 cheaper: $ 382,110 paid when the 'specific' should disburse $ 382,192.

These operations were conducted under the COVIARA 2000 Plan, which was, according to the firm, a new entrepreneur attitude to overcome the impact of the suspension of subsidies FONAVI without violating its own statute. But as it happens the rules of the framework activity COVIARA (Law 14.135) was not changed after the removal of funds from the Treasury and, as it is in force, "is insufficient to incorporate third parties and additional staff in its bid housing, or for prioritizing cash sales "which were more transactions were repeated during the preparation of the work of the AGN.

Moreover, COVIARA has a database which lists the number of applicants for houses and their needs, "it is outdated".

In fact, the last list compiled, according to the watchdog, dates from April 24th 2005, and the applications submitted after that date "have not been computed." This information is important because it serves to formulate annual budgets where items for the purchase of land intended.

In addition, auditors stressed that "the planning of projects is not properly documented," adding that no elements to determine how to mitigate the housing shortage of the target population are compared.