Mexico: Private Housing Finance Markets Strengthening Project

 

WASHINGTON, November 6, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:

 

IBRD Loan:  US$1.01 Billion Dollars

TERMS: Maturity = 30 years; Grace = 5 years

Project Description: The Private Housing Finance Markets Strengthening Project for Mexico aims to strengthen the financial capacity of Mexico’s Federal Mortgage Corporation (SHF) to develop and consolidate markets for housing finance and to expand access to lower income groups over the medium-term; and improve SHF's technical capacity to expand access to lower income groups over the medium-term.

 

Media Contact

Gabriela Aguilar

(202) 473-6768

gaguilar@worldbank.org

 

For project documents, please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P112258