Mexico Launches National Housing Plan for 6M People IANS Live
go to original January 23, 2015

Mexican President Enrique Peña Nieto has presented a housing plan geared toward ensuring the construction of half a million homes to benefit a total of six million people nationwide.

The program, which includes administrative and fiscal measures, will spark investment in the sector estimated at 370 billion pesos ($25.5 million), said the president upon announcing the national housing plan for 2015.

Peña Nieto said that Mexico needed some 9.4 million homes and emphasised that in 2014 the construction sector rebounded and grew at an annual rate of four percent, generating more than 135,800 jobs in the process.

He announced that Infonavit will cease collecting housing titles from low-income people, will offer loans to buy appliances and will convert all loans into pesos.

...Young people, disabled people, emigrants and the elderly will also be provided with the ability to buy a house with financing from the development bank.

"With these fiscal stimuli, this important sector will have better conditions of liquidity to build more homes and at less cost," the president said.

Read the rest at IANS Live

We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!