Baja California Sur Governor Víctor Manuel Castro Cosío and INFONAVIT Director General Octavio Romero Oropeza met in Los Cabos to advance plans for roughly 20,000 new affordable housing units across the state. The project carries an estimated price tag of 12 billion pesos (approximately $600 million USD), with about 17,000 of those homes earmarked for the Los Cabos municipality.
INFONAVIT, the Instituto del Fondo Nacional de la Vivienda para los Trabajadores, is Mexico’s largest worker housing fund. The agency identified a shortfall of more than 71,000 affordable homes in a state with approximately 97,000 INFONAVIT-eligible workers. That gap has widened as Los Cabos, home to Cabo San Lucas and San José del Cabo, has grown rapidly as a tourism and construction hub.
Los Cabos to Receive Bulk of New Units
Of the 20,000 planned units, the 17,000 slated for Los Cabos would represent the single largest affordable housing push in the municipality’s history. Housing costs in the area have climbed steadily in recent years, driven by tourism development, foreign investment, and a growing service-sector workforce that supports the resort corridor.
The initiative falls under President Claudia Sheinbaum’s national social policy agenda, which has prioritized expanding worker access to homeownership. Federal backing through INFONAVIT gives the project a concrete funding mechanism: the institute collects mandatory employer contributions on behalf of formal workers and channels them into mortgage credits and direct construction.
State and Federal Agencies Deepen Coordination
The meeting in Los Cabos builds on previous cooperation between the BCS state government and INFONAVIT. In an earlier agreement, the two sides committed to streamlining administrative procedures for credit applications, updating urban development plans, and clearing a backlog of property title registrations. At that time, officials noted that 48,539 workers in BCS had fully paid off their INFONAVIT mortgages but 47,602 of them had not yet obtained their free-and-clear title documents.
INFONAVIT has also rolled out credit programs for land purchases in BCS, offering loans of up to 2 million pesos (about $100,000 USD) with no size restrictions on parcels. Separate financing lines cover home repairs, expansions, and improvements, with interest rates capped at 11 percent and repayment terms of one to 10 years.
Governor Castro Cosío said the state would maintain close coordination with federal agencies to expand access to adequate housing for working families in Baja California Sur. No construction timeline has been announced.
This story was first reported by the Baja California Sur state government (bcs.gob.mx) and confirmed by Radar Político.