Mexico City Delivers First 89 Homes Under New Housing Plan

Mexico City Mayor Clara Brugada oversaw the first housing delivery of her administration, with 89 homes presented. The local government considers this a first step toward its goal to tackle housing issues, addressing different income levels.

The homes, with an average cost of MX$770,000 (US$38,100), will be paid over a period ranging from 25 to 30 years, depending on the socio-economic conditions of the families. Monthly payments will range between MX$800 and MX$1,500, adjusted according to the families’ economic situation. Raúl Bautista, Executive Director of Operations, Mexico City’s Institute of Housing (INVI), explained that these conditions are designed to accommodate varying income levels.

In addition, the Mexico City government announced plans to double the housing budget for the upcoming year, allocating approximately MX$10 billion for housing initiatives in 2025. These funds will cover the construction of new homes, housing improvements, land acquisition, and the reconstruction of damaged housing.

The government also outlined plans to build 3,000 homes in the Historic Center of Mexico City to address issues such as land invasions, unregulated settlements, and gentrification. Local Minister for Housing Inti Muñoz emphasized that affordable housing will now be considered a constitutional right and a central focus of the city’s public policy, further enhanced by the creation of the Ministry of Housing.