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The Federal Government has just announced a billion-dollar investment in the Minha Casa, Minha Vida program. Let's explore further!
With innovations, Minha Casa, Minha Vida resumes its activities among Brazilians. Recently, the Lula government implemented the conditions for officially taking ownership of properties. Currently, the administration is additionally allocating R$ 30 billion to the housing scheme.
Of this amount, the government will allocate R$ 27 billion to financing housing for lower-income citizens and reserve R$ 3 billion for the line of credit for Fundo de Garantia por Tempo de Serviço (FGTS) account holders.
The expected release of MCMV is in the second half of the current year. The main objective is to fill a potential funding gap to keep the scheme operating in all regions of the country.
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Breakdown of the MCMV budget by region of the country
Regarding FGTS, data published by the fund reveal that more than half of the resources have been used in certain regions of the country. Let's look at the budget distribution.
- South: 79% already allocated;
- Southeast: 72% already allocated;
- Central-West: 68% already allocated;
- Northeast: 47% already allocated;
- North: 14% already allocated.
The amounts allocated to the regions are R$ 7.5 billion, R$ 28.5 billion, R$ 5.1 billion, R$ 13.4 billion and R$ 6.7 billion, respectively.
Minha Casa, Minha Vida: income levels
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For the country's urban areas, Minha Casa, Minha Vida has three income levels. Check them out.
- Tier 1 (urban): monthly gross family income of up to R$ 2,640;
- Tier 2 (urban): monthly gross family income from R$ 2,640.01 to R$ 4.4 thousand;
- Tier 3 (urban): monthly gross family income from R$ 4,400.01 to R$ R$ 8 thousand.
President Lula (PT) discussed expanding the levels to serve families with a monthly income of up to R$ 12 thousand. However, no measure to that effect is part of the current proposal for the program so far.
