• IDB Invest subscribes COP 79.84 billion in senior UVR-denominated securities issued by Titularizadora Colombiana.
• The funds will enable Credifamilia to expand access to financing for social and priority interest housing for low-income families.

WASHINGTON, D.C. – IDB Invest has supported access to mortgage loans for low-income families to purchase social housing in Colombia through a financial operation aimed at expanding the financing capacity of Credifamilia, a financial institution focused on social and priority interest housing in the country.

As part of this operation, IDB Invest acquired up to COP 79.84 billion (approximately $19.6 million) in senior securities denominated in Real Value Units (UVR), backed by mortgage loans originated by Credifamilia and issued by Titularizadora Colombiana. This issuance, known as the “Social Housing Securitization,” is IDB Invest’s first social subscription in Colombia’s secondary mortgage market and the first operation within a broader program of up to COP 250 billion.

This transaction will channel long-term resources toward financing Social Interest Housing (VIS) and Priority Interest Housing (VIP) and financing for remodeling and upgrading VIS and VIP homes, thereby expanding access to mortgage credit for low-income families. Credifamilia will use the funds raised to originate new mortgage loans that meet the VIS and VIP housing criteria defined in the Social Housing Securitization Use of Funds Framework. This operation supports the institution’s growth, promotes more favorable financing conditions for traditionally underserved sectors, and contributes to closing the housing gap.

According to the 2023 National Quality of Life Survey, 28.7% of Colombian households face a housing deficit. Securitization becomes a key tool for mobilizing private capital through innovative financial products that improve financing rates and terms, creating intentional financing mechanisms with returns and gap-closing impact.

Beyond financing, IDB Invest will support Credifamilia in implementing a sustainability strategy that includes identifying gaps, preparing a double materiality study, and proposing a detailed roadmap for implementation.

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 440 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients across a variety of sectors. Visit our website: idbinvest.org/en 

About Titularizadora Colombiana

Titularizadora Colombiana S.A. is a leading company in structuring and managing securitization processes in Colombia. Since its founding, it has promoted the development of the capital market through innovative financial vehicles that channel resources to strategic sectors such as real estate and mortgages, contributing to sustainable growth and strengthening investor confidence. In 24 years of operation, it has securitized more than COP 27.5 trillion in assets across 84 issuances, strengthening the financial system through the capital market and diversifying investment options for investors.

About Credifamilia

Credifamilia is a credit institution supervised by the Financial Superintendency of Colombia. It specializes in savings and credit products for housing acquisition in Colombia. The company serves low—and middle-income population segments that may face difficulties accessing mortgage credit or securing long-term financial closure. Since its creation in 2011, it has improved the quality of life for thousands of Colombians by facilitating access to decent housing projects with access to public services, recreation, and green spaces. Its product portfolio includes mortgage loans, finishing loans, builder-prorated loans, consumer loans, savings accounts, digital term deposits (CDTs), and financial protection insurance.