In addition to raising the home loan ceiling, next year the National Workers’ Housing Fund (INFONAVIT) will provide over 200 billion pesos in loans; and grant approximately 460,000 credits, exceeding this year’s figure of 430,000.
Benefits for workers:
- It will allow thousands of workers to purchase decent quality homes closer to their workplace.
- In 2017, the Institute will provide workers with a new range of home loans, which will help hundreds of thousands of families consolidate their assets.
“Over 25 percent of all the loans INFONAVIT has granted for 44 years have been allocated during this government.
One out of four home loans in the history of the institution has been granted during the administration of President Enrique Peña Nieto.
It is estimated that, “By the end of this administration, over 3.5 million loans will have been granted, a record in the history of social housing in Mexico.
"The responsible approach of programs such as Housing to Prosper, Decent Housing for Heads of Families and the National Fund for Popular Housing Trust has made it possible to orient the growth of the supply of real estate products towards the lower income population living in vulnerable conditions,” declared Eduardo Sánchez Hernández.