1.5M New Homes for Mexico

On today’s show we are talking about a new housing initiative that was just launched in Mexico by the newly elected President of Mexico. A key component of the initiative is a zero-interest mortgage scheme, offering low-income households a path to homeownership with favorable terms.

Some reports put Mexico’s housing shortage of 8.5 million units. Not all of these families need a new home.

It’s not within the Mexican culture to renovate homes the way you do in the US and Canada.

The program includes a substantial financial commitment, with the Mexican government allocating approximately MX$600 billion ($30.8 billion USD) to support housing development.

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