The national government seeks to reduce the housing lag in terms of housing, estimated at 27% of Mexican households, for which it implements mechanisms to provide resources to the population and that they themselves focus their efforts on making improvements and rehabilitations.

As a solution, it has started financing, through governmental institutions and local governments, so that people with limited resources can make renovations and extensions.

The programs are for beneficiaries and people who do not have a formal salary. Let's review some of the mechanisms available to people who do not have social security.

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The first, through the Housing Improvement Program, the government of Mexico City provides zero-rate loans, directly, to the residents of the capital to rehabilitate properties of social or popular interest.

The aid is approximately 25 thousand pesos and is accompanied by technical, legal, financial and sustainable advice to guarantee that the home improvements are functional.

The beneficiaries are people who live in CDMX, over 18 years of age and owners of the home to which the financing of a single unit will be applied.

They must have an income of up to five times the daily minimum wage, per person, or eight times per family and have a maximum age of 64 years.

The requirements, in addition to the official identification documents (birth certificate, INE, CURP) and legal documents (documents that prove ownership, credit opening contract, promissory note and go), a proof of income or letter of declaration of income is requested. applicant's income.

Technical information is also requested, such as the original sketch of the house, the land use certificate and the authorization of the INAH, INBA or Seduvi, as the case may be.

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The second option is the microfinance of the Federal Mortgage Society (SIF) that is granted to people throughout the national territory, credit for up to 70 thousand pesos for improvements and remodeling of a home and for this it is not necessary to be affiliated with Infonavit or Fovissste.

The term to pay the loan is up to 36 months, with a fixed interest rate. This is done through participating financial institutions, so the requirements vary. But there is one that applies to everyone: check that the money is destined for housing.

The third possibility is the Conavi subsidy, where it is not necessary to pay the money provided for the improvement of the homes, since it is developed for two segments of the population: people whose homes were damaged by the September 2017 earthquake, and low-income families living in marginalized areas.

In the case of low-income families, the amount provided is 90 thousand pesos and can be used to add bedrooms, bathrooms and kitchens or choose to receive 30 thousand pesos, for waterproofing, sanitary and hydraulic installations, among others.

Beneficiaries must be of legal age, not be affiliated with any other Conavi program since 2019, be of low income and live in one of the priority municipalities defined by Sedatu.

In granting resources, priority is given to female heads of household, populations with individual income less than 2.6 times the value of the monthly UMA and indigenous communities.

In Solili consult available apartments in Mexico City

Original note