Mexico Launches Zero-Interest Mortgages in Affordable Housing Push
Mexican President Claudia Sheinbaum has launched a comprehensive housing initiative aimed at tackling the country’s housing deficit. The program, built on a partnership between the federal government and housing institutions, will construct a million homes, including 500,000 built specifically for those ineligible for traditional public housing. A key feature is a zero-interest mortgage scheme, offering low-income families a path to homeownership with favorable terms, reflecting a commitment to equitable development and contrasting with previous right-wing administrations that focused on profit-driven projects. The initiative also prioritizes building accessible, functional housing near workplaces and public services, representing a significant departure from past projects that often placed homes in remote areas.
John Q. Hosedrinker