Infonavit and Fovissste are truly world-class housing organizations, and in turn they are two of the most powerful assets in national justice and social security policy.

Let us remember that banking is a fundamental engine of the national economy, and in a very particular way, of the real estate sector, granting loans that give life to both supply and demand.

Hence the fact that even in times of the Fovissste pandemic, Infonavit and the banking system continue to be a source of good news.

These two powerful public funds fulfill the objective of granting housing loans, they administer part of the resources for the retirement of workers, from the public sector, in the case of Fovissste, and from the private sector, with respect to Infonavit.

Last Thursday Fovissste went to the Mexican Stock Exchange for a successful placement of trust certificates, where it raised 10 billion pesos to be able to grant 13,600 loans for housing this year.

Check here: Fovissste goes to the Stock Exchange to finance the delivery of 10,000 million pesos in loans

This placement represents the first part of the program of up to 20 billion pesos approved by the Fovissste Board of Directors for this year, and it is the fifth issue made by the Fund during the current administration.

Despite the complex situation we are experiencing, it registered an over-demand of 2.28 times with respect to the amount offered, and it could be expected in the remainder of the year that the Fund could carry out another issuance, in order to send more than positive signals to the housing sector.

For its part, Infonavit has launched its new schemes that reflect very important advances in its loan placement programs during the first semester of the year, with annualized increases of 26.8% in terms of the number of loans granted, and of 10% in terms of the amount invested in it.

These numbers are part of a very mature mortgage system, which having Infonavit, Fovissste and banking as the main protagonists, reports in the same first semester an annualized increase in the placement of loans for housing of 43.8% in number of operations and 26.7% in the amount that it represents.

Of interest: The bank maintains its bet on housing, still in a pandemic

It is expected that the bank will also maintain its momentum and end the year with significant growth both in the number of operations and in the amount placed, this even considering that it already exceeds Infonavit in annual investment.

Although in recent years the trend indicates that the growth is greater in investment than in the number of loans, to the extent that the bank's average mortgage credit is already above 1,700,000 pesos.

The banks also continue to provide good news, seeking that more and more Mexicans have access to better solutions for their particular housing challenge, while meeting the financial goals set.

Therefore, public policies, regulations and investments, related to urban planning, infrastructure and services, must function from the three levels of government.

This gear will make it possible to increase the scope of the housing policy, with a very special emphasis on the lower-income segments and those who are not beneficiaries of Infonavit or Fovissste, and who so far do not qualify for a bank loan.

In Solili you can check available apartments in Escandón, El Carmen and Guerrero

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