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Recently, important changes to the Minha Casa, Minha Vida housing program were announced by the Federal Government. These changes were defined by the Governing Council of the Severance Indemnity Fund (FGTS) with the aim of promoting better conditions for access to housing in the country.
The changes to the program were decided by the council, since this body is responsible for defining how FGTS resources are used. The council decided to increase the maximum value of properties that can be financed under the program’s guidelines.
With this change, the aim is to cover a larger portion of the population, allowing families in different income brackets to benefit from Minha Casa, Minha Vida.
In addition, there were reductions in the interest rates applied to financing intended for low-income families.
An important decision made by the council was to increase the subsidy allocated to social housing. Thus, from now on, it has become easier to achieve the dream of buying your own home!
So that you can understand all the relevant information about this development that has brought joy to many Brazilians, we have prepared a series of relevant details in this text. By the end of the reading, several questions about Minha Casa, Minha Vida will have been clarified.
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New property financing amounts under Minha Casa, Minha Vida
At a recent meeting, the council decided to increase the maximum value of properties covered by tiers 1, 2, and 3 of Minha Casa, Minha Vida.
Specifically, the limit for properties in tier 3 was increased from 264 thousand to 350 thousand reais. These homes are intended for families with a monthly income between 4.4 thousand and 8 thousand reais.
It is important to point out that this increase had already been discussed and supported by President Luiz Inácio Lula da Silva (PT). This measure covers the entire national territory, benefiting families in different regions of the country.
As a result, the change is expected to create 57 thousand new job opportunities in category 3, of which 40 thousand could be filled by the end of 2023.
For income brackets 1 and 2 of Minha Casa, Minha Vida, intended for lower-income families, the new maximum limit established is 264 thousand reais, representing an increase compared to the previous limit of 190 thousand reais.
In addition, it is important to emphasize that the ceiling is related to the size of the municipalities. In general, the smaller the population of a municipality, the lower the established limit will be.
This variation also occurs depending on whether the municipality is a large national metropolis or a regional capital, for example.
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Program income brackets
It is also worth mentioning that the income bracket limits for Minha Casa, Minha Vida have also been updated
. Even so, a further expansion of bracket 3 is still expected, from 8 thousand to 12 thousand. This proposal was mentioned by President Lula in an interview.
Finally, check whether the stipulated income criteria are met by your family's profile. This way, you will be able to enjoy the benefits of this financing.
First Bracket: Intended for families whose monthly income does not exceed two minimum wages, corresponding to a total of R$ 2,640 for 2023;
Bracket 2: Intended for families with a monthly income between R$ 2,640.01 and R$ 4,400;
Bracket 3: Intended for families with a gross monthly income between R$ 4,400.01 and R$ 8,000.
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Other changes to the Minha Casa, Minha Vida program
As mentioned, in addition to increasing the financing ceiling of Minha Casa, Minha Vida, as well as updating the income bracket, there were other positive changes:
Reduction in the interest rate
First, it is worth mentioning that the reduction in the program's interest rates is intended for families with a monthly income of 2,000 reais. Thus, in the North and Northeast of the country, the rate was reduced from 4.25% to 4% per year.
On the other hand, for the South, Southeast, and Central-West regions, the interest rate for families with the same monthly income was adjusted from 4.5% to 4.25%.
Increase in the subsidy provided
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Finally, the council decided to increase the subsidy offered to families in brackets 1 and 2 of Minha Casa, Minha Vida.
More specifically, bracket 1 is intended for families with a monthly income of up to 2,640 reais, while bracket 2 is for families with a monthly income of up to 4,400 reais.
The subsidy is a program mechanism that works as a discount, applied based on family income and the location of the property.
According to the new rule established, the maximum subsidy amount was increased from 47,700 to up to 55,000 reais.
