Sociedad Hipotecaria Federal (SHF) Sustainable Portfolio expands energy efficient homes in Mexico by providing financial incentives and technical assistance to encourage developers to build sustainable homes.
The partnership addresses home energy efficiency construction standards and increases social welfare by facilitating inclusive access to financial mechanisms. Projects within the portfolio employ urban planning practices that improve social inclusion and reduce household expenses through lower energy, gas and transport consumption.
Through the participation of public and private sectors and alliances with international organizations, financial intermediaries and housing developers, SHF has mobilized US $944 million ($19,100.32 million MXN) in loans and subsidies to 79 developers. Earning a “Low Carbon Residential Buildings” recognition by the Climate Bonds Initiative in 2020, SHF´s Sustainable Homes employ a unique methodology that reduces Co2 emissions by at least 20%, temperature standards that increase user comfort levels, provides better accessibility to urban residents and uses building materials with a lower carbon footprint.
To date, the partnership has benefitted more than 300,000 people with 83,220 homes built in 26 Mexican states, reducing 2,788 metric tons of Co2 emissions to achieve Mexico´s climate commitments and SDGs alignment. The initiative is working with governments across Latin America to share the experiences and lessons learned for replication that will transform the sustainable construction business.
Carbon Trust, Climate Bond Initiative, French Development Agency, German Cooperation Agency, German Development Bank, Inter- American Development Bank, Inter-American Union for Housing, International Secondary Mortgage Market Association, Latin American Association of Financial Institutions for Development, Mexican Chamber of the Construction Industry, National Chamber of the Housing Development and Promotion Industry, National Housing Commission, Secretariat of Agrarian, Territorial and Urban Development, The Housing Fund of the Institute of Social Security and Services for State Workers, The Institute of the National Housing Fund, The Strengthening Capacities for Energy Efficiency in Buildings in Latin America program, Unique Housing Registry