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In recent weeks, Minha Casa Minha Vida (MCMV), the federal government housing program. This program offers subsidies and below-market interest rates, thus facilitating the acquisition of affordable housing for low-income people.
In recent weeks, the program has undergone some changes that benefited the population, especially those who receive Bolsa Família. Therefore, see below what the new program rules are.
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New Minha Casa Minha Vida rules
The new feature of MCMV is that Bolsa Família or BCP (Continuous Cash Benefit) beneficiaries are now exempt from fees. Thus, these people will not need to pay the installments on properties purchased through the program.
This new rule came into effect on September 28, and for those who signed a contract before that date, the exemption only applies to future installments. Those who intend to sign a contract through the housing program will have to undergo an eligibility assessment by Caixa.
It is also worth noting that Caixa has 30 days to regulate the new rules. After that, the charges will be automatically suspended.
In addition, those who belong to income bracket 1 of the program and do not receive any of the benefits (Bolsa Família or BPC) will also be able to enjoy this advantage.
Thus, as of this change, there will be a reduction in the number of installments needed to pay off the property, from 120 to 60, in cases involving units under the National Urban Housing Program.
What are the income brackets of Minha Casa Minha Vida?
The MCMV program has several income brackets, separated into urban and rural areas. Check them out:
Urban areas
- First bracket: monthly income of up to R$ 2.640;
- Second bracket: monthly income from R$ 2.640,01 to R$ 4.400
- Third bracket: monthly income from R$ 4.400,01 to R$ 8.000.
Rural areas
- First bracket: annual income of up to R$31.680;
- Second bracket: annual income from R$ 31.608,01 to R$ 52.800
- Third bracket: annual income from R$ 52.800 to R$ 96.000.
About the housing project
Minha Casa Minha Vida was launched in 2009, during Lula’s second term (PT). In the following administrations, under Dilma (PT), Temer (MDB), and the first half of Bolsonaro’s administration (PL), the program was maintained.
In Lula’s third and current term, the program underwent some changes and has already delivered 10,349 Minha Casa Minha Vida units. In addition, the government resumed work on another 16,813 units. The idea is to resume work on another 21,618 units in 2023.
Image: Fernando Frazão/ Agência Brasil
