With the Resolution 764/2025the government advances in the dismantling of the fiduciary scheme created in 2012 to administer the credits of the Procreate plan. The Mortgage Bank will continue the management of loans under contract, while the goods will be redistributed or sold.
More than six months after its formal dissolution, the Ministry of Economy The operational stage of the closing of the Public Fiduciary Fund Argentine Credit Program of the Bicentennial for the single family housing (procrear), created in 2012 during the government of Cristina Fernández de Kirchner.
Resolution 764/2025, published this June 9 in the Official Gazette, instructs various areas of government to execute the provisions of Decree 1018/2024, which in November last year ended the legal figure of the procrear trust.
The program had been implemented in its origin as a policy of stimulus to mortgage credit and access to housing, and was mainly financed with funds from ANSES through the Sustainability Guarantee Fund. Its operation was based on a trust administered by the Mortgage Bank SA, which also managed the credits and fiscal lands urbanized by the State.
Key Points of the Resolution
The norm signed by Minister Luis Caputo Encomienda to the Ministry of Public Works of the Ministry of Economy The adoption of measures to administer and dispose of the goods involved in the dissolved trust. This includes both Sunday regularization and transfers to provinces, municipalities, state agencies and housing institutes.
Likewise, the model of Mandate contract for individual loan managementthat the Ministry of Economy will sign with the Mortgage Bank. Through this instrument, the entity will continue to manage the loans granted, under the original remuneration conditions established in the fiduciary contract of July 18, 2012.
In relation to the properties that were part of the trust, the resolution establishes that Those who have not been affected for current contracts during the existence of the program must be transferred to the State Assets Administration Agency (AABE)through agreements with the Mortgage Bank and the Ministry of Public Works.
On the other hand, the National Directorate of Patrimonial Standardization to instruct the Mortgage Bank to transfer the funds raised by the collection of credits to account No. 2510/46 “TGN collection” of the National Treasury, once the fees and operating expenses have been deducted. The sale of credit portfolios with low collection yield, less than 40%is also contemplated.
Finally, the Legal Undersecretariat of the Ministry of Economy As responsible for the judicial causes in which the extinct trust is involved, on behalf of the national state.
Resolution 764/2025 entered into force on the same day of its publication.
Source: Ambito
