Mexico's 'historic moment' for housing needs financing help - study
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- 20 Apr 2023
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For housing access to improve in Mexico, financial support such as mortgages or subsidies, along with greater buy-in from local governments and the private sector, is key, according to a study published on Tuesday.
"The idea is to now turn the focus to the poorest 20%, 30% of Mexico's population," Albert Saiz, a professor at the Massachusetts Institute of Technology (MIT) who led the study, told Reuters ahead of its publication.
To reach the poorest Mexicans, urban housing must become three to four times denser than current levels to keep up with surging demand, Saiz and his fellow MIT researchers argue in the study.
This would require a multi-sector initiative tackling supply, including government subsidies for new developments in coordination with the private sector, Sainz said.
"The private sector is needed in reaching that poorest 20%," Saiz said, urging cooperation with local governments and developers, non-profit groups or even the use of communal land plots known as ejidos to increase housing access. Read More…
