This year, GEO has closed more than 5,000 Green Mortgages through INFONAVIT for its homes that include solar heating and water & gas conservation mechanisms. These technologies are important to environmental preservation while they also provide significant savings to the low-income families living in GEO's green homes.
Inigo Orvananos, GEO's Chief Marketing Officer, commented on the importance of sustainable cities: "GEO is the first homebuilder to offer Green Mortgages. We have always maintained the philosophy that the only way to correctly and sustainably develop Mexico is through efficient and careful use of non-renewable resources, such as water, while maintaining the utmost care for our environment."
About Corporacion GEO, S.A.B. de C.V.
Corporacion GEO is a leading housing developer in Mexico and one of the largest in Latin America. The Company is engaged in all aspects of design, development, construction, marketing, sales and delivery of mainly low-income housing developments in Mexico. With operations in 52 cities across 16 states, GEO is one of the most geographically diversified homebuilders in Mexico. Since its inception GEO has sold more than 450,000 homes which currently provide housing to 1,800,000 people. GEO's Solid Business Model focuses mainly in the Affordable Entry Level and Economic segments, which are supported by government policies and by the Mexican Housing Institutions INFONAVIT and FOVISSSTE. For more information, visit www.corporaciongeo.com