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For those who wish to own a property, the federal Minha Casa Minha Vida program brings excellent news. On Thursday (07/13), President Luiz Inácio Lula da Silva (PT) signed into law the legislation that reinstates the housing program during his new term.
Fundamentally, Minha Casa Minha Vida aims to facilitate access to homeownership by offering several financing options. At the Planalto Palace, at 11 a.m., the launch celebration for the new program took place.
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Several authorities, including the Minister of Cities, attended the event. The Minha Casa Minha Vida program targets families with a monthly income of up to R$8,000 in urban areas throughout the country and R$96,000 per year for rural residents. Thus, these people will be able to purchase their own homes.
It should be noted that the Chamber of Deputies approved the text in June, incorporating some of the proposed changes. One of these changes allows the use of FGTS funds in various federal projects.
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Initially, FGTS funds will be used in different ways, such as for public lighting, basic sanitation, public roads, and rainwater drainage projects. It is estimated that the housing program will use 5% of its resources to resume stalled construction projects.
Read also: Expanded benefits: FGTS home purchase program to receive an increase;
These funds will also be used to renovate properties that are currently vacant. In addition, properties are expected to be built in smaller cities, with up to 50,000 inhabitants, in various regions of the country. Another significant change is the 50% discount for those registered with CadÚnico.
CadÚnico is a federal government registry for beneficiaries of social programs. With the approval of the law, Caixa Econômica Federal will no longer be the only institution responsible for all Minha Casa Minha Vida operations.
Now, private banks, digital institutions, and credit cooperatives will also have the opportunity to participate in the housing program. To do so, they must provide information about the transfers to the Ministry of Cities, identifying the recipients of the credit.
Minha Casa Minha Vida
In 2009, the federal government launched the Minha Casa Minha Vida program. During Jair Bolsonaro's (PL) administration, the program was replaced by Casa Verde Amarela. However, with President Lula taking office, the program resurfaced with some modifications, aiming to benefit low-income families.
Essentially, the government seeks to expand the income limit for beneficiaries of the new housing program. The expectation is that the program will be able to serve middle-class families with a monthly income between R$10,000 and R$12,000.
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One of the most notable features of the new Minha Casa Minha Vida is the beneficiaries in Tier 1, families with a monthly income of up to R$2,600. Basically, the government will use resources from the Residential Leasing Fund (FAR). The subsidy ranges from R$130,000 to R$170,000.
Families with an income of up to R$1,320, the current minimum wage, will be able to finance their homes for up to 60 months, with installments of up to 10% of their monthly income, that is, R$80. In short, those who participate in the program and have an income between R$1,320 and R$2,640 may commit up to 15% of their income.
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Low-income families
As mentioned earlier, the federal government’s housing program will focus its efforts on low-income families. It is believed that 50% of the financed units will be for Income Bracket 1. The Ministry of Cities offers the possibility of purchasing a used urban home and includes homeless citizens.
Finally, the ministry states that the properties under the new Minha Casa Minha Vida will be located near shops, services, and public facilities. Thus, families participating in the program will have several benefits, such as proximity to improved infrastructure.
