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Case

Circular construction

Circular building design

Circular building materials

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Danish support helps building sustainable houses for lower-income people in Mexico

20. October 2022
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Solution provider

Investment Fund for Developing Countries – IFU

IFU is the Danish Development Finance Institution providing risk capital for private sector investments in developing countries and emerging markets. Investments are made on commercial terms in the form of equity, loans and guarantees. The purpose is to support the green transition and create just and inclusive societies.

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Challenge

The number of new houses built in Mexico is slowing, and an estimated one third of the population is living in sub-standard homes. Therefore, there is a market for new houses for lower- and middle-income families. Mexico needs more and better housing. 

Solution

The Danish SDG Investment Fund, managed by the Investment Fund for Developing Countries (IFU), has provided a loan of 127 million DKK to the Mexican company Vinte. Vinte is one of the larger home building companies in Mexico and the company builds sustainable private homes and aim to reduce the use of building materials, water, and energy. 

With the loan from, among others, the Danish SDG Fund, Vinte will build 30,000 sustainable and energy efficient houses and communities for lower- and middle-income people in Mexico. The project needs a total funding of 2.6 billion DKK.  

The Danish SDG Investment Fund is a public-private partnership investment fund established to contribute to SDG achievement in developing countries by mobilizing public and private capital for investments in SDGs particularly related to climate and green transition. 

Result

The company will build sustainable communities with almost 30,000 new homes, public schools and primary care units for lower- and middle-income families in Mexico.