FHipo obtains a loan for 130 million dollars to finance cheap housing
Inmobiliare/ Solili | April 16, 2021 |

Fideicomiso Hipotecario (FHipo) obtained a loan of 130 million dollars from the International Finance Corporation (IFC), a member of the World Bank Group with the objective of expanding its mortgage operations to benefit more Mexican families in access to housing.

The financing package will also support the issuance of FHipo's first green bond, in addition to increasing the liquidity of residential mortgage originators working with the company.

In this way, low- and middle-income sectors in Mexico will have greater access to housing finance with the new IFC loan. Addressing the severe shortage of affordable housing, especially through green projects and electronic mortgages, will help strengthen the Mexican mortgage market, create jobs and accelerate economic recovery, the agency specified.

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According to the real estate analysis platform Solili, in Mexico City the average sale price of residences is located at 7 million 808 thousand 429 pesos, a decrease of 1.7 percent when compared to the 8 million average registered towards December of 2020.

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