
Fondo MIVIVIENDA S.A. (FMV) is a Peruvian government-owned entity established in 1998, operating under the Ministry of Housing, Construction, and Sanitation. It focuses on providing affordable housing solutions for low- and middle-income families. FMV plays a key role in the primary and secondary mortgage markets, acting as a mezzanine lender to Intermediary Financial Institutions (IFIs) that lend to end borrowers. FMV offers several programs to support housing access. The Programa MiVivienda provides subsidized mortgages with government-backed interest rate reductions for working-class families. The Programa Techo Propio assists low-income households with grants and financing for new home purchases. Additionally, the MiVivienda Verde program promotes sustainable housing by certifying projects that meet specific environmental criteria, offering benefits to both developers and buyers. FMV collaborates with regional governments, IFIs, and real estate developers to enhance housing access and contribute to national housing policies.
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Columns5| Company | Markets | New markets | Momentum | Activity | Expansion score |
|---|---|---|---|---|---|
Fondo MIVIVIENDA S.A.You | 0 | 0 | — | 0 | 0 |
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Peru's Ministry of Housing updates Techo Propio program, increasing minimum size and subsidies for social housing to improve living conditions for low-income families.
Mortgage interest rates are decreasing. Traditional mortgages average 7.8% annually, while Mivivienda-promoted mortgages average 9.4%. Mivivienda offers state bonuses to increase down payments.
MiVivienda Fund credits decline for third consecutive month, mainly affecting Techo Propio program. Capeco warns of potential drop below pandemic levels if trend continues.
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