- This action is part of an effort to correct conditions that for years made these loans practically unpayable.
- Sheinbaum’s Government Freezes Infonavit Loan Balances
The Mexican government, led by Claudia Sheinbaum, has launched a significant relief measure for over two million Infonavit loan holders with loans issued before 2013.
Starting today, the balances and monthly payments of these loans, granted under the Minimum Wage Times (VSM) scheme, will be frozen.
This decision aims to address long-standing issues that made these loans nearly impossible to repay, providing much-needed financial relief to millions of families.
In a presentation of the National Housing for Well-Being Program’s progress, Sheinbaum explained that around 500,000 of these loans will have their payments automatically frozen, while another 1.5 million loan holders will be eligible for additional benefits by visiting Infonavit offices.
Details of this measure are available on the portal portalmx.infonavit.org.mx.
Expansion of Support for Loans After 2013
Sheinbaum also mentioned that Infonavit is working on extending this support to those who took out loans between 2014 and 2020 under the “old pesos” scheme.
Octavio Romero Oropeza, Infonavit’s director, pointed out that this loan model was particularly burdensome, with balances and monthly payments increasing yearly, creating an unsustainable financial strain for many families.
Sheinbaum emphasized that this initiative is aimed at improving millions of Mexicans’ living conditions by allowing them to pay off their homes under fairer terms.
The next phase of the program, benefiting an additional two million people, is expected to be announced in the coming weeks.
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Sheinbaum’s Government Freezes Infonavit Loan Balances
Progress in the Housing for Bienestar Program
Edna Elena Vega Rangel, head of the Ministry of Agrarian, Territorial, and Urban Development (SEDATU), reported that the Housing for Bienestar Program plans to build one million new homes over the next six years.
Half of these homes will be managed by Infonavit for affiliates, while the other half will be handled by the National Housing Commission (Conavi) for non-affiliates.
Vega Rangel added that the government has already secured 100% of the land reserve needed to start construction in 2025, totaling 1,701 hectares across 225 plots.
This achievement resulted from collaboration between the federal government and local authorities. Additionally, 28 coordination tables have been established in various states, and work on executive projects has begun to ensure construction can start in early 2025.
Loans for Non-Affiliates and Deed Regularization
Rodrigo Chávez Contreras, Conavi’s director, stated that in 2025, 50,000 additional homes will be built, and home improvement support will be granted to 100,000 families.
This effort includes a land reserve of 1,003 hectares, expected to house around 180,000 homes.
Rocío Mejía Flores, head of Financiera para el Bienestar (Finabien), explained that the institution will provide housing loans to those not affiliated with Infonavit, through its 1,700 branches nationwide.
Loan payments will be allocated to a dedicated fund to continue building more homes in the future, ensuring the program’s sustainability.
Regarding deed regularization, José Alfonso Iracheta Carrol, director of the National Institute of Sustainable Land (INSUS), announced plans to regularize 300,000 property deeds in the State of Mexico, beginning with 50,000 lots in specific areas such as Chimalhuacán.
Iracheta also mentioned that regularization efforts have started in Baja California, focusing on areas with landslide risks and other challenges.
At the event, President Sheinbaum urged the public to avoid frauds and only use official channels for the National Housing for Well-Being Program’s procedures.
R. Sheinbaum’s Government Freezes Infonavit Loan Balances