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2mo ago

Buenos Aires Launches Subsidized Mortgages for Middle-Class First-Time Buyers

A policy shift redirects housing money to 20-year UVA loans at 7.5% with capped entry payments.

Image
El gobierno porteño lanzó una nueva línea de créditos hipotecarios para la clase media.
La medida busca facilitar la compra de la primera vivienda (Foto: Freepik)
Estos créditos ponen el foco en los sectores que necesitan financiamiento más accesible y de largo plazo, con cuotas similares o por debajo de las de un alquiler.

Overview

  • Managed by Banco Ciudad, the new line offers 240‑month mortgages at UVA + 7.5%, with the City subsidizing two percentage points versus market rates near 9.5%.
  • Financing covers up to 75% of a purchase with a maximum loan of ARS 100 million, limited to homes up to 80 m² priced at no more than US$2,800 per m².
  • The initial installment is capped at 25% of household income, illustrated at about ARS 80,600 per ARS 10 million borrowed and roughly ARS 806,600 at the ARS 100 million cap.
  • Eligibility includes salaried workers who route pay to Banco Ciudad, plus monotributistas and self‑employed who take the Paquete Crecer, with the option to add one guarantor.
  • Funding sources include reallocated IVC resources, Banco Ciudad dividends, revenue from concessioned public media, and a recent ARS 100 billion bond; loans are exempt from gross income and stamp taxes and can be requested at branches, online or via Boti.