Working Towards A Sustainable Housing Development: Infonavit’s Role to Improve Workers’ Quality of Life

Working towards a sustainable housing development Infonavit’s role to improve workers’ quality of life The Alliance to Save Energy Washington DC. September 17th, 2009

Infonavit Overview

Since its foundation, Infonavit has granted 5.3 million mortgage loans

22.4% of Mexico’s population live in a house financed by Infonavit

Infonavit, founded in 1972 by the president of Mexico, is an autonomous institution in which the corporate government comprises equal representation of the labor sector, the employer sector, and the Federal Government. Infonavit has a dual nature, as a social mortgage lender that facilitates opportunities for homeownership to low income workers and as a housing and pension fund

Facilitate opportunities for homeownership Facilitate a better quality of life for workers Objective: to contribute to make a reality the efforts of workers to increase their wealth and well-being. Today Tomorrow INFONAVIT Lifestyle An Infonavit Lifestyle: the new institutional strategy

Initiatives to improve housing quality, urban environment and community living Home. Promote housing quality and better quality of life. Urban Environment. Promote local development Community. Development of better urban spaces, and community-life. An Infonavit lifestyle Vivienda Comunidad S e r I N F O N A V I T Entorno Urbano Industry Home owner I N F O N A V I T Government VIVIENDA INFONAVIT ENTORNO INFONAVIT COMUNIDAD INFONAVIT HOME INFONAVIT ENVIRONMENT INFONAVIT COMMUNITY INFONAVIT

Green Mortgages Ecological criteria is incorporated in the loan granting standards

Aditional financing for the worker in order to…

Buy a house that includes eco -friendly technology

Eco-friendly technology like…

Solar heaters, power saving lamps and bulbs, water saving installments, termic isolation, highly efficient air conditioning…

Eco-friendly technology to…

Reduce the consumption of water, gas and electricity, generating monthly savings between 200 and 400 pesos (USD 15 – 30), depending on the region

Green Mortgages: Alliance with the Federal Government

As part of its Vivir Mejor Strategy (Live Better) , through the National Housing Commission, the Mexican Federal Government helps workers who earn less than USD 320 per month with a subsidy up to USD 4,000 for acquiring a home.

With sustainable urban development being set as a priority the federal government, starting this year all new housing subsidies come with the condition that the home be equipped with green technology

+

Green Mortgages: Results as of August 2009 Infonavit has granted more than 60 thousand green mortgage loans during 2009, of which, almost 50 thousand have been acquired by low income workers with the subsidy from the Federal Government. The cost of the houses goes from USD 15 to 28 thousand and it includes an average of USD 600 in green technology.

Green Mortgages: Considerations While the conversion of housing to green homes in most countries started at the top of the income pyramid, in Mexico it is low-income housing that is being built with energy-saving technologies. And this is not only having a positive impact on the environment, but also on the economies of low-income families as in the country’s reducing the need of investment and subsidy in water and energy infrastructure.

Working towards a sustainable housing development Infonavit’s role to improve workers’ quality of life The Alliance to Save Energy Washington DC. September 17th, 2009