In the financial balance, the Infonavit will have income from employer fees, revenue from credits, sales income and the income charged by the subsidiary. “All that will be transparent in the financial stadium,” said former general director.
For Hartasánchez, Infonavit is “very good” granting credits to the beneficiaries. “The risk is to find the balance between expanding access to social housing, but strengthening access to financing, and that can be complemented without neglecting any.”
“The risk is to be invested in the construction and the approach (to grant credit) is lost and that this has a very strong detriment not only in the assets of the beneficiaries, but also in the ability to provide that financing,” he added.
Article 41 bis of the approved opinion establishes that “the construction activity is residual to that of credit. That is very important, because Infonavit first releases credit and what you get is what you will allocate to construction, ”said Carlos Martínez.
“The Board of Directors will annually approve the construction investment budget, guaranteeing at all times that sufficient resources are allocated for the granting of credit to the right -holding workers, in accordance with the housing investment program that the General Assembly approved in the Financial Plan of each year ”, reads in article 41 bis.
Soto-Hay pointed out that, by offering houses for sale and rent at prices that are below the market value, there is a risk that there are disability in the workers’ housing sub-accounts.
Martínez Velázquez said that, by law, Infonavit cannot deliver yields that are below inflation, so, while the institute continues to grant credits and investing in values that give some return, “if you go away, your money does not lose value because you have inflation. If Infonavit is doing well, you will have inflation more. ”
For Fernando Soto-Hay, who used private resources for a public purpose also makes noise in the Infonavit reform.
A question that arises is how the house will be built. “Will it be done through associations with companies? Is it going to be for auctions or direct assignments? ”He questioned.
Inside the Infonavit, the tripartite was maintained, that is, the labor, employer and the government will have the same number of representatives. However, it is concerned that the Director General is designated by the government and the right of veto.
“You can block any decision that is made in the Council that is tripartite. He becomes a person with a monumental power to make decisions. ”
The reform “is a vehicle to literally seize huge amounts of money and use it irresponsibly. And the time, unfortunately, will give us the reason that, technically, what they are doing is irresponsible, unfeasible, dangerous and will end up costing the housing sub-accounts of millions of workers, ”said Soto-Hay.
“Housing will be built without an urban, modern, intelligent vision, integrated into cities. The problem continues, it is not resolved with the reform. The underlying problem is to make an urban comprehensive housing policy, from the point of view of the interurban land and the needs of cities in central areas, and that does not exist, ”he added.
