Background on the Issue
Due to unsustainable housing policies in previous governments, resulting in unpayable loans and fraudulent practices, approximately 933,000 households in Mexico face issues related to homes acquired with Infonavit credits.
The National Housing Fund for Workers (Infonavit) has identified these homes as having problems primarily due to outstanding debts. The initial phase aims to determine if these properties are occupied or abandoned, paving the way for tailored solutions.
Identified Housing Status
As of May 5, out of 47,845 censused homes with issues, 87% were occupied, and the remainder were unoccupied.
Proposed Solutions
During a morning press conference, Romero Oropeza outlined the following characteristics to be identified through the census:
- Occupied housing: Owned by a credit holder, a third party with the credit holder’s consent, or illegally occupied.
- Unoccupied housing: Abandoned or vandalized.
Based on these classifications, Infonavit and other government entities will offer the following solutions:
- For occupied housing by credit holders: Credit restructuring through debt freezing, interest rate reduction, lowered monthly payments, or debt write-offs.
- For occupied housing by third parties: Legalization via Infonavit’s social rental scheme with the option to purchase.
- For unoccupied or vandalized housing: Rehabilitation through Infonavit’s social rental scheme with the option to purchase.
“These are some of the proposed solutions, which will depend on whether other issues arise,” explained Romero Oropeza. He added that each case must be evaluated to determine the best course of action.
Geographical Distribution
Preliminary data indicates that the State of Mexico has the highest number of troubled homes (5,776), followed by Puebla (4,584), Chihuahua (4,145), Sonora (4,004), Hidalgo (3,681), and Oaxaca (3,528).
Infonavit’s Support on Unpaid Credits
Regarding Infonavit’s support for unpaid credits, the official reported that 4,155,000 beneficiaries have received various benefits, such as reduced interest rates, monthly payments, and debt amounts.
Key Questions and Answers
- What is the main issue? Unsustainable housing policies in previous governments led to unpayable loans and fraudulent practices, affecting around 933,000 households.
- What does the census aim to identify? The census aims to determine if homes are occupied or abandoned, enabling tailored solutions.
- What are the proposed solutions? Infonavit and other government entities will offer credit restructuring, social rental schemes, and property rehabilitation based on housing status.
- Which regions have the most troubled homes? The State of Mexico has the highest number of troubled homes, followed by Puebla, Chihuahua, Sonora, Hidalgo, and Oaxaca.
- How many people have received support from Infonavit? Approximately 4,155,000 beneficiaries have received various benefits related to unpaid credits.
