During the delivery of 196 affordable housing units in the Coyoacán municipality, Mayor Clara Brugada announced that she will modify the operating rules of the social housing loan program, with the goal of the city government granting the full loan.
The progress in social housing comes as the central government strengthens its control over the land registry with the reform published on December 27, 2024, in the Tax Code, which requires the declaration of the use of properties valued at more than 4.5 million pesos. This reform also adds to the decrees published this month in the Official Gazette for the expropriation of homes in several municipalities, which will be used for the development of affordable housing.
This Friday, May 16, the Morena candidate delivered 196 homes, each measuring 60 and 65 square meters, within a housing complex located on Calzada de La Virgen 2771, in Coapa.
In her speech, she shared that the beneficiaries had to organize to raise 30% of the homes’ value, then added: “We have already decided to modify the operating rules, also at the Housing Secretariat, so that the next loans we grant, there will be no surplus (…) so, from now on, in the next loans, there will be no surplus for people to pay, but rather the City Government will grant the full loan.”
The former mayor of Iztapalapa explained: “We want the housing projects granted, the loans granted by the City Government, to be for people without resources. For the population to whom the bank does not grant loans because they are poor. People who cannot afford to repay a loan at a bank.”
She was accompanied at the event by the Secretary of Housing, Inti Muñoz Santini, who specified that the 196 homes required an investment of 170 million pesos, so the average cost of each apartment was 846,000 pesos, which will be repaid over 20 years through a social loan.
Property Expropriation Intensifies
Although Brugada has not formally declared it, the central government’s strategy is based on property expropriation.
For example, on May 9 and 13, eight expropriation decrees for properties located in Cuauhtémoc, Azcapotzalco, and Miguel Hidalgo were published in the Official Gazette. These properties will be used for the development of social housing.
These properties are located at the following locations:
24 Roldán Street, Centro neighborhood, Cuauhtémoc City Hall. Area: 194 square meters. Tula Private Street, No. 11, and Aspiros Closed Street, Santa María Malinalco, Azcapotzalco Municipality. Area: 300.30 square meters.
Xavier Villaurrutia Street, No. 25, Paulino Navarro Neighborhood, Cuauhtémoc Municipality. Area: 138.42 square meters.
Felipe Carrillo Puerto Avenue, No. 126, Anáhuac I Section Neighborhood, Miguel Hidalgo Municipality. Area: 385.71 square meters.
Manuel José Othón South Axis, No. 45, Obrera Neighborhood, Cuauhtémoc Municipality. Area: 173.15 square meters.
5 de Febrero Street, No. 63, Nextengo Neighborhood, Azcapotzalco Municipality. Area: 381.00 square meters.
Simón Bolívar Street, No. 446, Angel del Campo Corner, Obrera Neighborhood, Cuauhtémoc Municipality. Area: 267.43 square meters.
34 Trébol Street, Santa María la Ribera neighborhood, Cuauhtémoc City Hall. Area: 327.50 square meters.
This occurs in a context in which the capital’s government has intensified its intervention in the housing market with its intention to update the cadastral registry for public planning purposes.
Evidence of this is the reform published on December 27th to the Tax Code, which imposed new obligations on property owners in the Mexican capital.
According to the reform, homeowners valued at more than 4.5 million pesos must file an informative declaration with the Ministry of Finance (SAF) regarding the condition of their properties used for residential purposes.
Source: proceso
