Instituto del Fondo Nacional de la Vivienda para los Trabajadores
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.
![](http://upload.luquay.com/wikipedia/commons/thumb/d/d6/INSTITUTO_DEL_FONDO_NACIONAL_DE_LA_VIVIENDA_PARA_LOS_TRABAJADORES.jpg/300px-INSTITUTO_DEL_FONDO_NACIONAL_DE_LA_VIVIENDA_PARA_LOS_TRABAJADORES.jpg)
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.
Directors-general
edit- 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)
References
edit- ^ http://www.fisglobal.com/cmspub/groups/public/documents/document/mvp0_023107.pdf[permanent dead link]
- ^ Monkkonen, Paavo (2011). "The Housing Transition in Mexico: Expanding Access to Housing Finance". Urban Affairs Review. 47 (5): 672–695. doi:10.1177/1078087411400381.