Mexico’s Historic Housing Push: 1 Million Homes in Six Years

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In a monumental effort to address the country’s pressing housing needs, President Claudia Sheinbaum unveiled the progress of Mexico’s National Housing Program. With an unprecedented investment, the program aims to construct one million homes across six years, benefiting thousands of families living in vulnerable situations.

The ambitious plan is divided into two main components: 500,000 homes through INFONAVIT and 500,000 through the National Housing Commission (CONAVI). The Institute will be responsible for nearly half of the houses under the Housing for Wellbeing program. By 2025, the government targets:

*   125,000 new homes

*   100,000 housing improvements in the State of Mexico

*   120,000 deeds delivered

Construction has already commenced in Baja California Sur, where 704 homes are being built in Los Cabos. In Sonora and Yucatán, the first stones were laid in February. This year, an impressive 86,000 homes will begin construction, with 17,311 destined for young workers and students in rent.

Progress by state includes:

Baja California Sur: 37,500 planned homes in five municipalities, with 704 already under construction.

Sonora: 33,800 planned homes, with 105 hectares of land donated by the state, and 40,000 deeds already delivered.

Yucatán: Almost 20,000 homes planned, focusing on relocating families from flood zones.

The National Housing Program is making significant strides in ensuring decent homes for thousands of Mexican families. With the support of states, municipalities, and the private sector, Mexico aims to reduce its housing deficit and improve the quality of life for those who need it most.

Source: Por Esto