The National Chamber of the Housing Development and Promotion Industry (Canadevi) and the Association of Banks of Mexico (ABM), announced the signing of an agreement to facilitate access to housing credit, both for individuals and developers and promoters for the acquisition, construction and sale of housing.

With the agreement, both organizations will promote the construction of sustainable houses with energy efficiency, as well as the reactivation of the construction of social housing, simplification of procedures and permits with states and municipalities, to improve the progress of construction projects.

Check here: From January to July 2021, housing production grew 13.2%, according to Canadevi

In addition, schemes will be promoted for workers with a mixed economy, so that a part of their income is verifiable through the financial system and the other with cash payments, as well as developing schemes for unaffiliated workers or former beneficiaries to access on mortgage credit.

During the signing, Daniel Becker, President of the ABM, highlighted the virtuous circle that is constituted around the housing sector for economic recovery. “Housing credit is an important engine for the national economy; but more importantly, it allows people to build and protect their heritage ”.

“With the signing of this agreement, we are committed to promoting the innovation of financing products for projects and mortgage credit products, which will give liquidity to the housing market in Mexico, for the benefit of Mexican families.

Of interest: The house of the future according to LG

During the 2021 CANADEVI Financial Forum “Knowing our sources of financing”, the different financing options available to developers to build projects and move to the challenges imposed by the pandemic in Mexico were raised.

The forum featured six business tables focused on different financing options for the sector such as bridge loans, individual financing, working capital, crowdfunding, investment funds and fintech.

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