Instituto del Fondo Nacional de la Vivienda para los Trabajadores
Worker's housing institute in Mexico
From Wikipedia, the free encyclopedia
The Institute of the National Housing Fund for Workers (Spanish: Instituto del Fondo Nacional de la Vivienda para los Trabajadores; INFONAVIT) is the Mexican federal institute for worker's housing, founded in 1972, and located at Barranca del Muerto 280, in Mexico City.
Instituto del Fondo Nacional de la Vivienda para los Trabajadores | |
Infonavit logo | |
Central offices of the Institute of the National Housing Fund for Workers in Mexico City | |
| Formation | 1972-04-21 |
|---|---|
| Founder | Luis Echeverría Álvarez |
| Type | State-owned enterprise |
| Headquarters | Álvaro Obregón, Ciudad de México |
Region | Mexico |
| Products | Credit products for worker's housing |
| Services | Real estate mortgages |
Official language | Spanish |
| Owner | Mexico |
| Octavio Romero Oropeza | |
| Rogelio Ramírez de la O | |
| Website | https://portalmx.infonavit.org.mx/ |
It is the largest mortgage lender in Latin America and the fourth worldwide, with over 12 million mortgages on its books and a new one added every 53 seconds.[1] The reform and expansion of Infonavit led to a transformation of the housing production system in Mexico, whereby more houses are now built by developers and purchased with a mortgage than through a self-build process,[2] and it enabled the growth of several national homebuilding firms such as Casas GEO, Homex and Consorcio Ara.
Infonavit receives 5% of all formal workers salaries and provides a series of housing-related mortgage products. These include a mortgage to buy a new or existing home, a mortgage to remodel a home or a mortgage to build a new home.[3]
Directors-general
- Jesús Silva-Herzog Flores (1972–1976)
- José Campillo Sainz (1976–1988)
- Emilio Gamboa Patrón (1988–1991)
- Gonzalo Martínez Corbalá (1991 – 1991)
- José Juan de Olloqui y Labastida (1991–1993)
- José Francisco Ruiz Massieu (1993–1994)
- Alfredo Phillips Olmedo (1994 – 1994)
- Arturo Núñez Jiménez (1994–1995)
- Alfredo del Mazo González (1995–1997)
- Óscar Joffre Velázquez (1997–1998)
- Luis de Pablo Serna (1998–2001)
- Víctor Manuel Borrás Setién (2001–2012)
- Alejandro Murat Hinojosa (2012–2015)
- David Penchyna Grub (2015–2018)
- Carlos Martínez Velázquez (2018–present)