“If you want to improve your home and you are no longer contributing, you can also use the money (from the housing sub-account) for an Infonavit loan,” added the CEO.
Infonavit has registered 70 million accounts. In November there were 21.7 million formal jobs -people who currently contribute to the institute-, according to IMSS figures. There are around 48.3 million people who have money in the housing sub-account and will be able to use, if they wish, what they have saved to make improvements to their home.
The other program will be intended to adjust the amounts charged to retirees.
“Before, they were charged for a normal restructuring, like all the restructuring programs out there. Now, in the new program, you cannot charge him, under any circumstances, more than 20% of what he receives from retirement”, pointed out the general director of the institute.
Among the modifications to the programs that already exist is the one that, as of March of next year, Mejoravit and Remodelavit will be financed with resources from Infonavit and not from banks, as they currently operate.
“Starting next year, all the credits will be (with) money from Infonavit. The improvement credits are not Infonavit resources, they are from the bank”, explained Martínez Velázquez.
The objective set by Infonavit for next year is to place at least one percentage point of the gross domestic product (GDP), between 230,000 million pesos and 250,000 million pesos; the equivalent of around 500,000 credits, depending on how the Mexican economy closes this year, explained Carlos Martínez.
For next year, Infonavit will also work on past-due portfolio trials, which began before 2018. “What we are going to look for is mediation so as not to conclude them,” said Carlos Martínez.