GIM Habitacional is a vertically integrated housing developer with operations in the social housing segment, as well as in the middle-income and residential segments in Mexico.
The transaction consists of a secured revolving credit facility of up to MXN 950 million, with a committed tranche of up to MXN 500 million and an uncommitted tranche of up to MXN 450 million, with a tenor of up to seven years and drawdowns on a revolving basis. The financing will be used to finance working capital requirements related to the construction of social and middle-income housing in Mexico. The main objective of the project is to promote access to adequate and affordable housing in Mexico, through a greater supply of social and middle-income housing to be developed by GIM Habitacional.
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ADDRESS: 1350 New York Ave NW, Washington, DC 20005
ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST
The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IDB Invest)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IDB Invest is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).