• A new revolving credit line of up to 700 million Mexican pesos (approximately $35 million) will support the construction of more than 17,000 affordable homes with sustainable technologies, primarily in the state of Quintana Roo.

• The credit line includes incentives to promote access to housing for women-led households.

   

WASHINGTON – IDB Invest has provided a revolving credit line of up to 700 million Mexican pesos (approximately $35 million) to CADU, a developer specializing in affordable housing, to expand access to first-time homes in Mexico, particularly in the state of Quintana Roo. The project seeks to reduce the region’s housing deficit, which disproportionately affects low-income households.

The project will support the construction and sale of more than 17,000 social and medium-income housing between 2025 and 2030;, the majority built with sustainable technologies. Among other benefits, affordable housing improves health, ensures access to safe drinking water, reduces overcrowding, increases household income, and strengthens social cohesion — all of which are key to the country’s development.

In Mexico, only 35.5% of homes are registered under a woman’s name. This operation aims to help close that gap by promoting women’s economic stability, autonomy, and well-being, as well as fostering safer communities for them and their families. With this financing, CADU strengthens its role as a strategic partner in promoting affordable housing in southeastern Mexico.

The transaction consists of a five-year revolving credit line, with a committed tranche of up to 400 million Mexican pesos (approximately $20 million) and an uncommitted tranche of up to 300 million Mexican pesos (approximately $15 million). These resources will finance working capital associated with green housing projects, giving CADU the flexibility to manage multiple developments simultaneously.

IDB Invest will also provide technical assistance to strengthen community engagement, design a commercial strategy to increase women’s participation as homebuyers, and integrate a Nature+ approach that promotes nature-based solutions for climate adaptation.

About IDB Invest

IDB Invest is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $22 billion in assets under management and more than 400 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries. Visit our website idbinvest.org/en.  

About CADU

CADU is a Mexican real estate group dedicated to developing housing, particularly Affordable Housing, Middle-Income Housing, Upper-Middle-Income Housing, and Residential Housing. Its activities include design, urban planning, construction, promotion, and sale of housing. Since its founding in 2001, CADU has sold more than 124,000 homes across six Mexican states. CADU is the market leader in Quintana Roo, with a market share of around 34% (January–December 2024), according to INFONAVIT. It was also the first developer in the state to receive approval for a Certified Development, meeting the highest standards in infrastructure, services, facilities, and sustainability. Since 2013, CADU has built the largest number of homes in Mexico with ECOCASA certification, totaling more than 27,000 certified units, as well as over 1,200 units with IFC’s EDGE ADVANCE certification, contributing significantly to the reduction of greenhouse gas emissions.