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LOW-INC HSNG II

Abstract*

The main objectives of the Second Low-Income Housing Project are to: (a) increase the availability of housing credit for low income families; (b) improve the Low Income Housing Fund's (FONHAPO) level of cost recovery and redirect its subsidies to the poorest groups; (c) improve the cost efficiency of housing solutions; (d) further streamline the administrative procedures of FONHAPO and its subborrowers; and (e) contribute to the improved planning...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

THE PROJECT WOULD FOLLOW-UP LOAN 2612-ME, FOR WHICH FUNDS ARE EXPECTEDTO BE FULLY COMMITTED BY END OF 1988. IT WOULD FINANCE HOUSING TO THEPOOREST SECTORS OF THE POPULATION AND WOULD ALLOW CONTINUED INSTITU-TIONAL DEVT & IMPROVE COST RECOVERY AS WELL AS BEST PROCUREMENTMETHODS AND CONSTRUCTION TECHNOLOGIES TO REDUCE HOUSING COSTS.

Key Details

Project Details

  • P007669

  • Closed

  • Richard L. Clifford

  • N/A

  • Mexico

  • December 12, 1989

  • (as of board presentation)

    December 12, 1989

  • March 13, 1990

  • US$ 350.00 million

  • C

  • Not Applicable

  • June 30, 1995

  • BANK APPROVED

  • January 15, 2013

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 350.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 350.00
IDA Commitment N/A
IBRD + IDA Commitment 350.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 700.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 12, 1989 IBRD-31400 Loan Commitment 87,510,000.00
Dec 12, 1989 IBRD-3140S Loan Commitment 262,490,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 12-31-1996PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeNot RatedN/a
Bank PerformanceNot RatedN/a
Borrower PerformanceNot RatedN/a
Government PerformanceSatisfactoryN/a
Implementing AgencyNot RatedN/a
Icr QualityNot RatedN/a
M&e QualityNot RatedN/a

Results Framework

No data available.