Infonavit launches financing program for self-production of housing
The Institute of the National Housing Fund for Workers (Infonavit) reported that it launches the financing program for self-production ConstruYo Infonavit, which aims to benefit two thousand families and that leaves an economic spill of 100 million pesos in this 2020.
This new loan is without mortgage guarantee granted by a financial institution to satisfy the need of the beneficiaries who do not want or cannot buy a home and prefer the progressive construction or improvement of their house through self-production, so applicants will be able to buy materials and pay for labor, the agency explained in a statement.
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