MEXICO CITY.- The president Claudia Sheinbaum announced the construction of at least one million new homes and the regularization of another million.
Said housing program will be implemented with the collaboration of the National Housing Fund for Workers (Infonavit) and the National Housing Commission (I tried).
Claudia Sheinbaum announces housing program
During her morning press conference, the president indicated that the Infonavit y I tried They will be in charge of the construction of said properties.
A portion of the homes are for Infonavit members, while Conavi will build properties for those who are not entitled and have incomes below the minimum or up to 2-3 minimum wages for popular housing.
The houses will be delivered through a financing scheme that will be in charge of Financial for Wellbeing.
According to Octavio Romero Oropezadirector of Infonavit, the construction of 500 thousand new homes, with an investment of 288 billion pesos.
For this purpose, a construction company will be created to reduce costs and capacity.
“We are going to implement a rental housing program with an option to buy,” the official highlighted.
Conavi will also build 500 thousand new homes with an investment of 285 billion of pesosreported the director Rodrigo Chavez.
Improvements will also be made to 300 thousand homes with 15 billion pesos.
Women, young people and older adults will have welfare homes
Edna Elena Vega Rangelholder of the Secretariat of Agrarian, Territorial and Urban Development (Sedatu), pointed out that the housing program will primarily serve women heads of households, young people, the indigenous population and the elderly.
Additionally, a rental housing program for youth.
The rental housing program will be aimed at young people between 18 and 30 years of age in housing units near educational centers and industrial areas.
Chávez explained that he will have a temporary period of five years and may be extended for two more years.
“An affordable income that does not exceed 30% of the income of young workers, and for students, a socioeconomic study is carried out to determine the ability to pay,” he noted.
The Presidency indicated that the program seeks to address the growing need for housing in the country.
It is estimated that by 2025, 2.8 million new homes will be required, while in 2030 an accumulated need of 6.6 million is estimated.
President Claudia Sheinbaum Pardo presented the Housing and Regularization Program, which contemplates the implementation of two million housing actions, with the construction of one million homes, as well as the regularization of one million deeds, during… pic.twitter.com/0YzMaxS5hk
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The announcement details a significant housing initiative in Mexico, spearheaded by key government officials such as Octavio Romero Oropeza of Infonavit and Edna Elena Vega Rangel of Sedatu. A total of one million new homes will be constructed with a combined investment of approximately 573 billion pesos. This initiative includes:
- 500,000 homes to be built by Infonavit with an investment of 288 billion pesos.
- 500,000 homes to be built by Conavi with an investment of 285 billion pesos.
- Improvements to 300,000 existing homes funded by 15 billion pesos.
The program aims to reduce costs through the establishment of a construction company and will feature a rental housing program with an option to buy. The focus will be directed towards supporting specific demographics, particularly women heads of households, young people, the indigenous population, and the elderly, ensuring equitable access to affordable housing.
The recent announcement by President Claudia Sheinbaum outlines a significant initiative in housing development, termed the Housing and Regularization Program. This program aims to address the urgent need for housing across Mexico, targeting both the construction of new homes and the regularization of existing properties.
Key Highlights of the Housing Initiative:
- Construction of New Homes:
– A total of one million new homes will be built.
– An investment of 288 billion pesos by Infonavit for 500,000 homes.
– Conavi will also invest 285 billion pesos to construct an additional 500,000 homes.
- Improvements and Regularization:
– Renovations will be made to 300,000 existing homes with an investment of 15 billion pesos.
– The program also includes the regularization of one million property deeds, aiming to provide legal security to residents.
- Target Demographics:
– The housing program specifically targets women heads of households, young individuals, the indigenous population, and the elderly.
– A rental housing program will support youth aged 18 to 30, offering accommodations close to educational and industrial areas.
- Financial Framework:
– The rental program is designed to ensure that rent does not exceed 30% of the income of young renters. For students, an income assessment will determine their capability to pay.
- Future Projections:
– The housing shortage is anticipated to worsen, with estimates indicating a need for 2.8 million new homes by 2025 and 6.6 million by 2030.
This initiative reflects a comprehensive strategy to combat housing shortages, enhance living conditions, and support vulnerable demographics in Mexico.
