In order to fulfill the right to housing, Mexico has two immediate challenges to address: on the one hand, generate mechanisms so that the unaffiliated population has access to financing; and on the other, create the conditions to trigger the production of housing below 600,000 pesos.

For the entrepreneurs in the sector interviewed by Housing Magazine, there is an outstanding debt to comply with the segment of workers who do not contribute to Infonavit and Fovissste, and who represent close to 60% of the economically active population.

Gonzalo Méndez, outgoing president of the National Chamber of the Housing Development and Promotion Industry (Canadevi), emphasized that from the business sector, there is a commitment to work towards satisfying the right to housing; mainly, in the low-income segments, which contemplates various edges, and requires the participation of different actors. In this, he said, authorities of the three levels and businessmen are included.

Check here: Sales of housing units advance but without inventory

Specifically, Méndez indicated that schemes that could help bring credit to non-affiliates have already been analyzed in the panorama. Among others, he mentioned, rent with the option to buy, or prior savings mechanisms, could be part of the solution to serve this population.

Méndez added that the other side of the great challenge that Mexico faces in the housing issue has to do with triggering the production of low-income housing, because there are workers with access to credit, there is no offer that can meet their demand.

He cited as an example, that there is land where today we could develop 100 homes and where by densifying we could develop 250 homes where we have combined projects, 60% of the homes are from the social segment and 40% for middle-income housing, where the average home somehow allows mix and be profitable.

Of interest: Verticalization and technology pillars of the real estate push in Mérida

“Likewise, think about the fact that the municipality could contribute part of the cost of the licenses, of the drinking water rights; or that the state governments themselves could put resources forward as they already do in Puebla, Veracruz, Guanajuato, Zacatecas; there are even very particular schemes for public security workers in some states”, he explained.

In this trend of finding solutions, Méndez Dávalos pointed out that it could go further, and think of models in which governments provide the land.

In Solili you can check available offices in Reforma and Lomas Palmas

Original note