New Housing Initiative in Mexico by President Claudia Sheinbaum

President Claudia Sheinbaum's housing initiative aims to provide credit for home improvement and construction of new homes, benefiting thousands of families. The program targets marginalized areas and prioritizes vulnerable groups.


New Housing Initiative in Mexico by President Claudia Sheinbaum

The Government of Mexico City, led by President Claudia Sheinbaum, has launched a housing plan aimed at ensuring that all Mexican citizens have access to a home of their own or can remodel their properties. This initiative, called Housing for Well-Being, aims to provide housing credits or rental alternatives to beneficiaries.

To carry out this project, the participation of the National Workers' Housing Fund Institute (Infonavit) and the National Housing Commission (Conavi) has been established. Conavi will be responsible for the construction of 500,000 homes during Sheinbaum's term, with the goal of building 50,000 homes this year.

At a conference, Conavi director Rodrigo Chávez announced that construction will begin on up to 18,000 homes in 26 plots distributed across 18 states starting in February. Additionally, it is planned to grant 100,000 credits for home improvements in the eastern area of the State of Mexico by the year 2025.

Conavi has established priority criteria for accessing credits, benefiting vulnerable groups such as single mothers, single mothers, indigenous populations, seniors, people with disabilities, and youth. The process for integrating the registry includes stages such as definition, identification, diagnosis, call, selection, assemblies, and presentation before the financing committee.

On her part, the head of the Secretariat for Agrarian, Territorial and Urban Development (Sedatu), Edna Vega, expressed that the guidelines for enrollment in the housing program will soon be disclosed. It is expected that the details for registration will be disseminated through calls and information modules.

Regarding the rental program for young people aged 18 to 30 who study and work, contracts will be established with Conavi to manage the properties allocated for this purpose. The rents and housing credit payments will be managed by the Financial Institution for Well-Being (Finabien), and efforts will be made to ensure that the rent does not exceed 30% of the tenants' income.

The strategy includes the construction of homes close to work, educational, and industrial centers, with essential services included in the property. Residents of the eastern State of Mexico will be the first to benefit from credits for improving their homes, with the aim of beautifying their living spaces.