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Mexico Says It Reworked More Than 5 Million Mortgages and Scaled Up National Housing Plan

Officials claim debt relief boosted payments without weakening Infonavit

Overview

  • President Claudia Sheinbaum announced changes at a Puebla event, saying the federal government has restructured or canceled excess balances on more than 5 million mortgage credits to ease household debt.
  • The administration delivered 32 Infonavit houses in Puebla plus 301 INSUS deeds and 657 Fovissste finiquito certificates as examples of on-the-ground progress.
  • The Vivienda para el Bienestar target was raised from 500,000 to 1.8 million homes and the government reports about 30 percent of that expanded goal is complete after two years.
  • Regional goals for Puebla outlined by Infonavit and SEDATU include 45,000 Infonavit homes (12,000 contracted with plans to contract 30,000 more) and a total of 68,950 homes across agencies with 130,000 local restructures or condonations reported.
  • Officials say the measures expand homeownership and have raised payments by lowering borrowers' balances, but the coverage notes these claims come from government sources and lacks independent fiscal verification of Infonavit’s long-term impact.