Mexico urbanized more rapidly than most OECD countries over the second half of the twentieth century and by 2010 roughly 78% of the population lived in cities (United Nations,2014 based on INEGI,2010)
Housing quality, based on indicators relating to the durability of construction materials, access to basic services and overcrowding, has improved dramatically.
Housing funding: the National Workers’ Housing Fund Institute (INFONAVIT) for private sector workers and the Housing Fund of the Institute for Social Security and Services for State Workers (FOVISSTE) for federal workers.
A compulsory 5% payroll tac on affiliated formal-sector workers and loan payments, alternative funding sources and interest on financial products- include both housing finance and complementary retirement income. Between Jan 2013 and Sep 2014, INFONAVIT granted about 74% of all housing loans in Mexico, for a total value of MXN 174 billion in 2010 prices.
Cities need to connect residents to jobs and infrastructure
one-seventh of the housing stock is uninhabited
Most of the housing stock is owner-occupied, an obstacle to greater labor mobility
Policy-makers are working towards a more sustainable housing policy for Mexico.
Housing market
https://miro.com/app/board/o9J_ksQEfEk=/?moveToWidget=3074457348090623110&cot=1
One thought on “Housing Policy”