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Mexico City Hosts Bando 1 Forums as Residents Demand Reparations and Rent Limits

After delivering 1,000 affordable units city officials face pressure to fund displacement reparations, tighten rent regulations

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Overview

  • At a territorial forum in the Glorieta de Insurgentes activists accused developer ReUrbano of displacing over 1,600 residents in Cuauhtémoc and Miguel Hidalgo
  • Participants urged the creation of a legal fund financed by developers and short-term rental platforms such as Airbnb to compensate long-term inhabitants
  • Residents demanded enforceable caps on rent increases and stricter controls on short-term rentals to protect housing stock in high-demand neighborhoods
  • The city government has completed 1,000 of the 20,000 planned affordable rental units in Cuauhtémoc, Azcapotzalco and Miguel Hidalgo
  • In Tijuana urban experts cautioned that current housing pressures stem from financial speculation rather than the social displacement characteristic of gentrification