To guarantee the access to housing without this implying contracting an unpayable debt, the deputy of Morena in the local congress, César Emilio Guijosa presented an initiative for young people to access loans with zero percent interest.
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The initiative to reform the article 86 of the Law on the Rights of Young People in Mexico City establishes accessible credits with preferential conditions, including interest rates 0% interest and extended termsas part of a support scheme for access to decent housing.
Social housing programs are also formulated that promote the construction of housing projects aimed at young people, with a special focus on areas that have adequate infrastructure and are close to educational or industrial centers.
In his use of the platform, the morenista He stated that according to data from the National Institute of Statistics and Geography (INEGI)young people between 18 and 29 years old find themselves in jobs that do not offer them economic stability or access to benefits such as mortgage loans.
This prevents them from being able to save enough to cover the down payment or monthly payments on a home, whether under a buy rent, he explained.
the initiative presented by the representative of the District 33was turned to the Youth Commission with opinion of the Housing commission.
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What are the eligibility criteria for young people to access zero-interest housing loans in Mexico City?
Q&A with César Emilio Guijosa: Pioneering Zero-Interest Housing Loans for Young People in Mexico City
Editor: Thank you for joining us today, César Emilio Guijosa, deputy of Morena in the local congress. Your initiative for zero-percent interest housing loans is gaining significant attention. can you explain the motivation behind this initiative?
César Emilio Guijosa: Thank you for having me. The primary motivation is to provide young people between the ages of 18 and 29 with viable housing options. Many face economic instability and cannot access traditional mortgage loans due to insufficient benefits from their jobs.our goal is to alleviate the financial strain associated with housing by offering loans with no interest, ensuring thay can secure homes without incurring unmanageable debt.
Editor: That’s a commendable goal. How do you envision these zero-percent interest loans benefiting young people?
César Emilio Guijosa: These loans are designed to be accessible and tailored to the financial realities that young people face. By reforming Article 86 of the Law on the Rights of Young People in Mexico City, we introduce not only zero-percent interest loans but also extended repayment terms. This approach is crucial in enabling young adults to save for their futures without the burden of high debt, allowing them to focus on their careers and personal development while gaining stability in their living situations.
Editor: Social housing programs are also part of your initiative.Can you elaborate on how these programs will be structured?
César Emilio guijosa: certainly! The social housing programs aim to kickstart construction projects specifically for young individuals, strategically located near educational institutions and industrial centers. The focus will be on areas that have proper infrastructure, promoting a community that supports their needs. This way, young people can access jobs and education conveniently, further enhancing their quality of life.
editor: Fascinating. You mentioned that the National Institute of Statistics and Geography (INEGI) data shows economic instability among the youth. Can you elaborate on the statistics that influenced your initiative?
César emilio Guijosa: Yes, the INEGI data highlights that many young individuals find themselves in precarious employment situations—jobs that do not provide secure financial futures or benefits that would traditionally support loan applications.This lack of economic stability means they struggle to save enough for down payments or large monthly payments typically required for homeownership. Our initiative directly addresses this issue, aiming to close the housing gap for our youth.
Editor: What are the next steps for this initiative?
César Emilio Guijosa: The initiative has been forwarded to the Youth Commission with input from the housing Commission. We are currently in discussions to refine the proposal further and address any potential concerns. I believe that with collaborative efforts, we can implement these meaningful changes to improve access to housing for young people, ensuring they have the support they need moving forward.
Editor: Any practical advice for young readers who are currently struggling with housing affordability?
César Emilio Guijosa: I would advise young individuals to stay informed about these initiatives and participate in public forums.ItS essential to voice their needs and challenges. Additionally,exploring alternative housing options,like co-living spaces or community housing projects,can provide immediate solutions while we work towards broader legislative changes.
Editor: Thank you for your insights, César. It’s an exciting time for young people in Mexico City regarding housing opportunities, and we look forward to seeing the impact of your initiative.
César Emilio Guijosa: Thank you for having me,and I’m hopeful for a future where housing is accessible for all young people.
Keywords: zero percent interest loans, housing for young people, César Emilio Guijosa, social housing programs, economic stability, Mexico City housing initiative.