In a move that could help jump-start Mexico's asset-backed market, homebuilders Consorcio Hogar and Corporacion GEO are mulling what will be the first securitizations of income deriving from low-income housing projects.

The projects are commissioned by the Institutio del Fondo Nacional de la Vivienda para los Trabajadores (Infonavit), a government-sponsored housing program that provides subsidized mortgage loans to lower-income households.

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