DistantNews
Support us
Mexico City Mayor Clara Brugada delivers 106 apartments, highlighting 100 million peso investment
🇲🇽 Mexico /Economy & Trade

Mexico City Mayor Clara Brugada delivers 106 apartments, highlighting 100 million peso investment

From El Universal · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Mexico City's government delivered 106 new apartments in the Gustavo A. Madero alcaldía, investing 100 million pesos.
  • The affordable housing project offers apartments around 60 square meters each, costing significantly less than market rates and featuring sustainable technology.
  • This initiative is part of a larger program aiming to deliver 2,000 affordable housing units by 2026, with 40 units allocated to registered applicants.

Mexico City Mayor Clara Brugada celebrated the handover of 106 new apartments in the Santa Isabel Tola neighborhood, highlighting an investment of 100 million pesos. The project, located at Huitzilihuitl 194, spans over 8,400 square meters and will house 424 residents.

Each department has almost 60 square meters and meets all international habitability criteria. Security of tenure, basic services, adequate space, accessibility and, of course, a very affordable price.

— Clara BrugadaDuring the delivery of 106 new apartments in Mexico City.

Brugada emphasized that each apartment, approximately 60 square meters, meets international habitability standards, including security of tenure, basic services, adequate space, and affordability. She noted that the cost per apartment was around 928,000 pesos, or about 10,000 pesos per square meter, a fraction of the typical CDMX market rate of 30,000 to 50,000 pesos per square meter. Families will receive zero-interest loans to purchase their homes.

"These apartments were three to five times less than the real estate market average. That is, a fair price," Brugada stated, contrasting the cost with market prices that can exceed two to four million pesos. She asserted that the program proves accessible housing can be built without speculation.

These apartments were three to five times less than the real estate market average. That is, a fair price. How much can a family buy an apartment of between 50 and 60 square meters for? Well, more than two million pesos, more than three million pesos, some reach up to four million pesos, and this program demonstrates that it is possible to build accessible, cheap housing, not for speculation.

— Clara BrugadaExplaining the affordability of the new housing units compared to market prices.

The new units also incorporate sustainable technology for water and energy use. Housing Secretary Inti Muñoz added that with this delivery, the local administration is nearing its goal of 2,000 housing units by 2026. Of the 106 units, 40 are designated for individuals registered on the city's housing applicant list.

It's not just about reproducing the usual, but here there are also alternative environmental mechanisms.

— Clara BrugadaHighlighting the sustainable features of the new apartments.
DistantNews Editorial

Originally published by El Universal in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog