Mexico Goes to COP 17 for Green Housing Funds

- The Mexican housing sector is a world leader in the development of programs to attract green funds and generate carbon bonds, using internationally agreed instruments

News provided by

Comision Nacional de Vivienda

29 Nov, 2011, 12:45 ET

DURBAN, South Africa, Nov. 29, 2011 /PRNewswire/ -- In an effort to integrate and develop an acceptable sustainable housing policy, Mexico's National Housing Commission (CONAVI), has developed cross-cutting programs that are being presented at the 17th Conference of the Parties in Durban.

In order to foster the growth of a green housing market in sustainable urban developments and promote the densification of cities by leveraging existing urban infrastructure, CONAVI has developed programs in conjunction with the three levels of government and the institutions that finance housing acquisition.

Mechanisms have been developed based on the experience of INFONAVIT's Green Mortgage and the Federal Mortgage Society's Integral Sustainable Urban Developments, through international participation which will reinforce the existing programs. Similarly, innovative projects will be developed which guarantee the ongoing construction of sustainable housing developments reaching additional limits in terms of efficiency in land and energy resource consumption.

CONAVI has been in collaboration with international cooperation bodies for some years in the creation of these projects; the World Bank, the United Nations Development Program, the government of Canada and the German Technical Cooperation Agency (GIZ).

This collaboration has led to some interesting projects, promoted within the framework of the National Housing Awards, such as the first Net Zero housing developments, presented last year at the COP 16 in Cancun.

In the coming months, mechanisms will be sought to ensure additional financing lines for green housing, extending their coverage to new segments of the real estate market.

In addition, beginning in 2012 incentives will be given for the surroundings (location, utilities, redensification) as well as the sustainable attributes inside the housing.

Media Contact Person: Enrique Escamilla
+52-55-9138-9991
[email protected]
twitter: @Conavi_mx

SOURCE Comision Nacional de Vivienda

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