The Institute of the National Housing Fund for Workers (INFONAVIT) is a Mexican institution created in 1972 with the goal of fulfilling the constitutional mandate of providing the country's workforce with decent housing.
Infonavit receives and stores 5% of every formal worker's salary in a personal savings account. With these savings, Infonavit can provide accountholders with mortgage products to suit different housing-realted needs. With over five million credits on its books, Infonavit is the largest mortgage lender in Latin America.
|Project name||Summary||Status||Social impact area|
|Analysis of Infonavit’s Mortgage Foreclosed Portfolio||Infonavit has a portfolio of several thousands of mortgage foreclosed properties. These properties concentrate disproportionately in several municipalities, so the way and the time Infonavit chooses to dispose of them will have a considerable effect on these communities. Beyond the specific approach Infonavit takes on placing its foreclosed properties back on the market, the only monitoring these dwellings receive centers around the legal procedures needed to claim the collateral. No further analysis is performed on this portfolio and the spatial dimension of the issue is hardly being considered. At the moment, Infonavit is unable to locate with reliable precision its foreclosed dwellings.||In scoping phase||
Years in operation: 25 or more years
Yearly budget: >$50MM
Geographical scope: Country
Barranca del Muerto 280
Colonia Guadalupe Inn,
Mexico City, CDMX 01029
Phone number: 5553226600