The city could benefit from a significant reduction in the cost of housing included in the new national program if the federal government assumes the cost of bank financing, which would be added to a state and local incentive scheme.
Xavier Villareal, president of the National Chamber of Housing (Canadevi) in the city, commented that current prices for social housing range between 850,000 and 1.1 million pesos, figures that are updated annually based on inflation.
He emphasized that one of the key elements in achieving this reduction is the federal government's participation in covering the financial costs, typically borne by the buyer, which represents a significant percentage of the total price of the home.
Despite these favorable conditions, the program in Tijuana still has no land allocated for the development of these homes. Federal rules stipulate that the properties must exceed one hectare and be located in specific zones, but local proposals are currently under evaluation.
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