Mexico Goes All In on Housing: 1 Million New Homes, Zero-Interest Mortgages [Video]

Mexican President Claudia Sheinbaum has launched a comprehensive housing initiative to address the country’s housing deficit by building a million homes and offering zero-interest mortgages.

The program, aimed at supporting vulnerable groups, focuses on female-led households, young people, Indigenous communities and senior citizens. The announcement is a fulfillment of Sheinbaum’s campaign promise to create affordable housing and promote equitable urban development.

“The focus of this program is to provide affordable housing to those in greatest need, especially young Mexicans,” Sheinbaum stated, contrasting her approach with previous right-wing administrations that prioritized profit-driven projects over public needs.

Introduced a month into her presidency, Sheinbaum’s Housing and Regularization Program involves a partnership between the federal government and national housing institutions. The National Workers’ Housing Fund Institute (INFONAVIT) will build 500,000 homes, while an additional 500,000 will be constructed by the National Housing Commission (CONAVI) for those ineligibles for traditional public housing schemes.