Latin Finance - September/October 2009 - 43

More than 1,000 students were present at the opening day of the DUIS-certified Valle las Palmas university campus in the city of Tijuana, whose population is expected to peak at 1 million in the next 30 years. URBI leads federal government initiatives to develop sustainable communities in Mexico • Inter-secretarial government agencies approved a basket of incentives for all housing developments certified as DUIS (Sustainable Integral Urban Development). • Urbi’s project in Valle Las Palmas, Tijuana, is the first -and onlydevelopment to be certified as DUIS in Mexico. DUIS Valle Las Palmas Through the certification of DUIS the Federal Government provides incentives for the creation of New Poles of Regional Development in Mexico. To be certified as DUIS, a development must: • Have integrally planned development areas and promote a fairer, more orderly and sustainable development • Be an engine for regional development • Offer mixed projects that can be incorporated into existing urban centers Urbi: ready to take advantage of the new opportunities that the housing industry offers. During years, Urbi has articulated the creation of large-scale master planned communities to serve lowincome families, channel public and private investment, and promote the development of socially, environmentally and economically sustainable urban communities. Valle Las Palmas is the first and only sustainable development to be certified as DUIS in the country until now, which will serve a population of over 1 million inhabitants during the next 30 years. The Mexican housing industry: a sustainable growth story thanks to a demand of over 850,000 homes per year and the resilient nature of the main mortgage providers such as Infonavit and Fovissste; whom are self-funded from employers automatic bimonthly payroll contributions, among other sources. Under the 2007-2012 housing program, the federal government plans to deliver over 6 million mortgages that will reduce the housing deficit of over 4.3 million units, create quality housing for low-income families, and promote sustainable housing that contributes to the steady and orderly growth of the cities. Urbi has the resources, technologies, and systems to take advantage of the new opportunities that the housing industry has to offer and continues to be the most profitable and sustainable company in the sector. For additional information about DUIS, please visit: www.urbi.com/DUIS said Felipe Calderon, President of the United States of Mexico, at a meeting with the Valle Las Palmas development technical committee in Tijuana, B.C. “I believe in sustainable development and urban planning and have made them part of my state policy. I am certain that together, we will build a better Baja California and a better Mexico, with a better quality of life for its people,” Corporate Statement
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Latin Finance - September/October 2009

Table of Contents for the Digital Edition of Latin Finance - September/October 2009
