Infonavit reports historic progress in credit restructuring and housing construction

Mexico's National Workers' Housing Fund (Infonavit) has achieved a historic milestone in restructuring credits and constructing housing, according to its director general, Octavio Romero Oropeza. During the current administration, over 4.8 million credits that were previously considered unpayable have been restructured. This initiative aimed to correct schemes that caused debts to grow despite workers consistently making payments.

Of the 4,856,000 credits identified with these issues, 457,000 have been cleared, resulting in a zero balance for their holders, meaning they no longer owe any additional payments. The remaining over 4.4 million credits were restructured through balance reductions, lower interest rates, and fixed monthly payments. This has enabled families to meet their obligations without their debts continuing to escalate.

Romero Oropeza highlighted that this strategy has not only benefited borrowers but also improved the Institute's revenue collection. He cited an example where an initial group of 650,000 credits contributed 215 million pesos before restructuring. After receiving the benefits, their monthly payments increased to 318 million pesos, even though the number of credits decreased due to full liquidations. "This means people pay, as long as they have fair payment conditions," he stated.

In terms of housing improvement, nearly 150,000 credits for home expansion and rehabilitation have been granted in 2026, significantly exceeding the initial target of 132,000 financings for the year. Regarding the "Vivienda para el Bienestar" (Housing for Well-being) program, as of June 14, 460,000 homes have been contracted, with 191,000 already under construction. The goal for the end of 2026 is to reach 700,000 contracted homes, as part of a six-year commitment to build 1.2 million houses. To date, 23,281 homes have been placed in 21 states, with 90 percent of beneficiaries earning between one and two minimum wages. Furthermore, three out of every four homes have been acquired by individuals under 40 years old. A significant change has been the simplification of credit application processes, eliminating over 25 requirements and removing the credit bureau as a condition for financing.