In recent weeks, Minha Casa Minha Vida (MCMV), a federal government housing program, has been launched. This program offers subsidies and interest rates below the market, thus facilitating the acquisition of affordable housing for the low-income population.
In recent weeks, the program has undergone some changes that have benefited the population, especially those who receive Bolsa Família. See below what the new rules of the program are.
New rules My Home My Life
The new feature of MCMV is that there is now an exemption from fees for Bolsa Família or BCP (Continuous Benefit Payment) beneficiaries. This means that these people will not need to pay installments on properties purchased through the program.
This new rule came into effect on September 28th and for those who signed a contract before that date, the exemption will only be valid for future installments. For those who intend to sign a contract with the housing program, the exemption will undergo an assessment of eligibility by Caixa.
It is also worth noting that Caixa has 30 days to regulate the new rules. After that, charges will be automatically suspended.
Furthermore, those who belong to band 1 of the program and do not receive any of the benefits (Family Allowance or BPC) can also enjoy this advantage.
Therefore, as a result of this change, there will be a reduction in the number of installments to pay off the property, from 120 to 60, in the case of units in the National Urban Housing Program.
What are the income brackets for Minha Casa Minha Vida?
The MCMV program has several income brackets, separated into urban and rural areas, check it out:
Urban areas
- First band: monthly income of up to R$ 2,640;
- Second band: monthly income from R$ 2,640.01 to R$ 4,400
- Third band: monthly income from R$ 4,400.01 to R$ 8,000.
Rural areas
- First band: annual income of up to R$31,680;
- Second band: annual income from R$ 31,608.01 to R$ 52,800
- Third band: annual income from R$ 52,800 to R$ 96,000.
About the housing project
Minha Casa Minha Vida was created in 2009, during Lula's (PT) second term. The program was maintained in the following governments, Dilma (PT), Temer (MDB) and in the first half of Bolsonaro's (PL) government.
In Lula's third and current term, the program has undergone some changes and has already delivered 10,349 Minha Casa Minha Vida units. In addition, the government has taken back another 16,813 units. The idea is to take back another 21,618 units in 2023.
Image: Fernando Frazao/ Agência Brasil
