Brugada delivers more than 6,000 home improvement loans and 400 deeds

MEXICO CITY (apro).- The Mayor of Mexico City, Clara Brugada Molina, delivered 6,735 home improvement loans and 400 deeds this Friday, with an investment of 1.115 billion pesos, as part of the Housing Improvement Program.

This Friday, October 3, the president confirmed that the goal of 20,000 loans will be reached this year, which will entail a total investment of nearly 3 billion pesos.

During the loan distribution ceremony at the Monument to the Revolution, Brugada acknowledged that nearly 40 percent of the capital's population faces housing-related problems, such as lack of title deeds, poor infrastructure, or difficulty covering rent. In response, he argued that the loans—ranging between 100,000 and 150,000 pesos, interest-free—aim to offer affordable alternatives and prevent phenomena such as gentrification and the displacement of families from their neighborhoods.

According to official data, more than 16,000 loans have been granted so far, 26 percent of which were allocated to progressive new housing, which implies the possibility of building expansions or new condominiums on 1,839 properties.

Housing Secretary Inti Muñoz Santini emphasized that the current number of grants already exceeds the total number of loans granted in the city's entire history. The official framed the strategy as a measure to "combat gentrification" and guarantee the right to housing.

The housing policy promoted by the local Morena leader is presented as one of the central pillars of her administration, in a context where access to decent housing has become a point of social and political tension in Mexico City, a city marked by rising rents, real estate speculation, and pressure from the private market.