Guarantee Fund increased resources to grant more possibilities
The president of the National Housing Agency (ANV), Klaus Mill, announced that the 170,000,000 pesos that are in the Guarantee Fund for the Financing of Real Estate Developments will migrate to the Mortgage Credit Guarantee Fund. The measure, which has been applied since May 30, will benefit users with greater availability in access to credit, he said.
The ANV recently signed an agreement with the Ministry of Housing to transfer the balance of the Guarantee Fund for the Financing of Real Estate Developments to the Guarantee Fund for Mortgage Credits, reported Mill.
The hierarch explained that the first referred fund was created with the Promoted Housing Law, in 2012, to generate credits for construction companies that develop small businesses of up to 15 homes. This securitized (converted a credit into a negotiable value) the investment, while the credits were requested from the bank. At the same time, the houses are generated with private investment without resorting to bank funds, he explained.
Mill recalled that by 2020 no requests had been received to use said fund, for which reason the Ministry of Housing was consulted about the possibility of extinguishing the device, as of May 30, and migrating the 170,000,000 pesos available to the Mortgage Credit Guarantee Fund.
The measure will allow users who wish to purchase homes through the Mortgage Bank and the rest of the local financial institutions that work with the mortgage credit guarantee fund to have that money.
As he explained, the users of the Entre Todos, Sueños en Obra program will also benefit, through which access to housing is sought for low, medium-low and medium socioeconomic sectors, who achieve the ability to pay, but not to save, and who want to buy homes through private ventures.
The interviewee pointed out that the signing of an agreement between the Mortgage Bank and the Ministry of Housing is pending regarding the increase in the percentage covered by this fund, which is currently 90%. He also recalled that it aspires to increase it to 95%. This means that the initial payment made by the interested parties will be 5%, plus expenses, which will increase the number of people who can access a loan, without the need for them to have an initial capital of 10% of the value of the property. , he pointed.
Mill recalled that the National Housing Agency maintains a call for expression of interest in the sale of land with improvements, homes and commercial premises in force between June 1 and 30. To participate, those interested must enter the ANV website, go to the item “Expression of interest”, which contains the list of properties that are available and, then, if applicable, submit an offer on closed.
