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FOVISSSTE, está encargado de otorgar créditos para vivienda a los trabajadores al servicio del Estado. Hoy es una institución financiera de competitividad global, con una clara vocación social y un gran sentido de responsabilidad como organismo público.

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About FOVISSSTE

 

BACKGROUND

 

FOVISSSTE

It is the entity in charge of granting housing credits for State workers. The Housing Fund is the de-centralized entity of the Social Security and Services Institute for State Workers (ISSSTE) in charge of managing the contributions of public agencies and entities that are affiliated to the ISSSTE contemplated for the granting of credits to State workers for the purpose of acquiring, repairing, enlarging or improving of housing.

 

WHEN WAS IT CREATED?

The ISSSTE Housing Fund (FOVISSSTE) was created in 1972 through the following Decrees:

  • On November 10th. 1972 the Decree reforming section f, paragraph XI of item B of the Constitution's 123rd. article was published in the Federation's Official Gazette (D.O.F., by its Spanish initials), to be read as follows:

 

"… the State, through the contributions it may make, will establish a national housing fund so as to constitute deposits in favor of said workers and establish a financing system that allows the granting of inexpensive and sufficient credits, so that they may acquire in property comfortable and hygienic housing or to build, repair, improve or pay any liabilities they may have incurred in connection with the above.

Contributions to said fund will be deposited with the entity in charge of social security, to be regulated by its Governing Law and any related legislation regarding the form and procedure for the management of said fund and for the granting and allocating of the aforementioned credits;"

  • In following-up on the above, on December 28th. 1972 the D.O.F. (Federation's Official Gazette) published the Decree reforming and adding to articles 38 and 43 of the Federal State Workers Act, which governs item B of the Constitution's Article 123, as follows:

 

BACKGROUND

Article 38: Withholdings, discounts or deductions from workers' wages may only be made when:

Paragraph VI: Regarding partial repayments to cover loans from the Housing Fund for acquiring, building, repairing or improving dwellings or for the payment of liabilities incurred in connection therewith. These discounts or withholdings must have the full, free approval of the worker in question and may not exceed 20% of total wages.

The total amount of all withholdings or discounts may not exceed thirty percent of total wages, save for those cases contemplated in this article's paragraphs III, IV, V and VI.

Article 43.- The persons referred to in the 1st. article of this Law have the following obligations:

Paragraph VI.- To cover contributions dictated by special laws, so that workers receive the benefit of social security and services contemplated in:

Section h) Constitution of deposits in favor of workers through contributions from their basic wages or salaries, in order to form a housing fund for the purpose of establishing financing systems allowing the granting of inexpensive and sufficient credits to said workers so that they may acquire for themselves or in condominium comfortable and hygienic housing; to build, repair or improve said housing or to pay any liabilities incurred in connection therewith.

Contributions made to that fund will be deposited before the Social Security and Services Institute for State Workers, the governing Law of which shall regulate the procedures and forms according to which the corresponding credits will be granted and allotted.

  • On December 28th. 1972, the Federation's Official Gazette published the Decree reforming and adding to the Social Security and Services Institute for State Workers Act, establishing the operation and functioning of a specialized fund, the financial resources of which would come from the State:

 

Article 3.- The following insurances, benefits and services are established as mandatory:

Paragraph XIV.- Mortgage credits for acquiring plots and/or houses, for building, repairing, enlarging or improving same; as well as for paying back any liabilities incurred in connection therewith;

 

WHO RUNS IT?

  • BOARD

The Board of the Social Security and Services Institute for State Workers is the Governmental Entity in charge of running the programs established by the Executive Branch regarding the Institute, including revision, supervision and surveillance of the Housing Fund's operations.

  • HOUSING FUND EXECUTIVE COMMISSION

The Executive Commission is the Governmental Entity of the Social Security and Services Institute for State Workers (ISSSTE) in charge of dealing with the Housing Fund's operations.

  • Through a Decree published in the Federation's Official Gazette on November 10th. 1972, section f) of paragraph XI of item B of the Constitution's Article 123 was reformed, for the purpose of establishing a Housing Fund managed by ISSSTE.

 

The Executive Commission was created deriving from this constitutional mandate; on December 28th. 1972 Decrees reforming and adding to the Federal State Workers Act and to the Social Security and Services Institute for State Workers Act, detailing the goals and functioning of FOVISSSTE.

  • THE EXECUTIVE REPRESENTATIVE

The Executive Representative is the public official named by the ISSSTE Administrative Board, following a proposal by its General Director, in order to conduct the management of FOVISSSTE. In any temporary absences, the Executive Representative is substituted by the official appointed thereto by the ISSSTE General Director.

Between 1973 and 2001, 21 individuals have worked as FOVISSSTE management heads, either as Executive Representatives or as substitutes therefor during their absences (provisional).

 

EXECUTIVE REPRESENTATIVES FROM 1973 TO DATE

 

 

EXECUTIVE REPRESENTATIVE

 

ADMINISTRATION PERIOD

FROM

UNTIL

1

Arq. Enrique Ávila Riquelme

January 1973

December 1976

2

Ing. Gustavo Lozano Lozano

January 1977

May 1979

3

Ing. José Antonio Nieto Ramírez

May 1979

December 1979

4

Prof. José Antonio Lara Gaitán

January 1980

December 1982

5

Lic. Leonardo Basave Aguirre

January 1983

January 1985

6

Lic. Jorge de la Rosa Sánchez

January 1985

December 1988

7

Lic. Jorge Bastarrachea Sabido

January 1989

December 1992

8

C.P. Luis J. Terán Rodríguez

January 1993

March 1993

9

Ing. Jorge H. Rivera Gómez

April 1993

December 1994

10

Ing. Roberto Orozco Rodríguez

December 1994

October 1995

11

C.P. Alejandro Posadas Espinosa

October 1995

February 1997

12

Lic. Jorge Francisco Frías Melgoza (Substitute for the Executive Representative)

February 1997

May 1997

13

Lic. Fernando Gutiérrez Domínguez

May 1997

February 1998

14

Lic. Salomón Díaz Alfaro

February 1998

June 1998

15

Lic. Eduardo G. Almeyda Armenta

June 1998

July 1999

16

Lic. Jorge Vázquez Vázquez (Substitute for the Executive Representative)

July 1999

September1999

17

Lic. Eugenio Ruiz Orozco

September1999

January 2001

18

Ing. Gustavo Fernández Díaz de León (Substitute for the Executive Representative)

January 2001

January 2001

19

Lic. Luis de Pablo Serna

January 2001

April 2002

20

C.P. Eduardo González González

May 2002

February 2004

21

Arq. Benito Gutiérrez Femat

February 2004

December 2006

22

Lic. Manuel Pérez Cárdenas

January 2007

To Date