Homex Development Corp. is a home-development company engaged in the development, construction and sale of affordable entry-level, middle-income and upper-income housing in Mexico. To carry out its activities, the Company engages in land acquisition, obtaining permits and licenses, designing, constructing, marketing and selling homes, obtaining individual financing for its customers and developing communities for the housing needs in Mexico. Additionally, the Company participates in the market, where mortgage financing is provided by commercial banks and cash transactions.