Mexico Invests 159 Million Pesos in Housing Sector
 Suzanne Stephens Waller - Presidencia de la República
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October 14, 2010
| | During the Inauguration of Expo CIHAC, President Felipe Calderón said that, “This is the government that has promoted the development of the country's housing most." | |
Mexico City - President Felipe Calderón highlighted the boost Federal Government has given the housing sector by investing $159 billion pesos, making it one of the engines of the country's economic recovery.
“So far in this Year of the Fatherland, government has granted 514,000 housing credits, 76,000 FONHAPO subsidies for popular housing, without financing and 160,000 credits with subsidies for making a down payment for a dwelling, as part of the This is Your House Program,” he said.
During the awarding of the National Housing Prizes 2009, the President highlighted the reactivation of credit from private banking. Proof of this is Banamex's decision to assign 1.5 billion USD, in other words, nearly $20 billion pesos, to finance the purchase of housing for 70,000 Infonavit members over the next 12 months.
“This decision by BANAMEX to invest in Mexico's housing development is a clear sign of its trust in the course the country has set and of course, in the decision of the Institute of the National Housing Fund for Workers.
As for the future, this provides an incentive to meet all the housing goals we set in this administration, which led us to propose and to attempt to have approximately one million dwellings a year on average in Mexico during the six years of this administration," he said.
Accompanied by Secretary of Social Development Heriberto Félix Guerra and representatives of the housing sector, President Calderón repeated Federal Government’s commitment to continue using all available resources and means to meet Mexican families’ legitimate demand for decent housing.
"In this Year of the Nation, Mexicans are proud of the country we are building. The government is also proud of those that are building this country, namely the construction sector and more specifically, the housing sector.
But all of us, I am sure, are proud of the Mexico we are going to continue building in the future. And what we want is a strong, clean Mexico, a safe, fair Mexico, a more democratic Mexico. And in that Mexico, we want the housing sector to play a key role," he said.
At the BANAMEX Center’s installations, the President said that for the first time, the demand for housing of the country’s families, particularly those with least, is being met.
“And so far during this government, since we launched the This Is Your House Program, which has already benefitted 680,000 families in the country with incomes of less than four minimum salaries. By giving them this subsidy up front to make a down payment on their new home or support them with its reconstruction, we are enabling them to have more decent housing,” he said. |
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