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Understand the New Minha Casa, Minha Vida Rules Approved by FGTS, Including New Price Ceilings and the Direct Impact on Families in Income Bracket 1
The FGTS Curatorship Council has just approved a package of new Minha Casa, Minha Vida rules, aimed at strengthening access to housing for low-income families. The decision, made during the 202nd Ordinary Meeting of the council, modifies the subsidy curve, updates the price ceilings for Income Bracket 1, and reallocates funds from the 2025 budget.
According to information from O Especialista, the main objective is to strengthen accessibility for Income Bracket 1, which will now have a higher monthly income limit for eligibility for full subsidy. The changes also include a significant regional adjustment, benefiting the North Region directly, and a new multiannual plan for 2026-2029, which redefines financing priorities.
What Changes in Income Bracket 1 and the Subsidies?
The main change to strengthen Income Bracket 1 was the increase in the monthly income limit for eligibility for the full subsidy. According to O Especialista, this income ceiling increased from R$ 1,550 to R$ 1,750. To rebalance the allocation of program resources, the upper limit of Income Bracket 2 was adjusted by decreasing from R$ 4,700 to R$ 4,000.
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The package of new Minha Casa, Minha Vida rules also brings a regional adjustment focused on accelerating the program’s penetration in the North Region. Currently, this region accounts for only 3% of FGTS disbursements, despite holding 9% of the country’s housing deficit. To correct this distortion, the subsidy ceiling in the North Region was raised from R$ 55,000 to R$ 65,000.
New Price Ceilings for Units in Income Bracket 1
In parallel to the subsidies, the FGTS Council updated the price ceilings for housing units intended for Income Bracket 1. These values were adjusted according to the city’s size, reflecting construction costs and the peculiarities of different real estate markets.
In large metropolitan areas, with more than 750,000 inhabitants, the ceiling increased from R$ 264,000 to R$ 275,000. In medium-sized cities (those with populations between 300,000 and 750,000 inhabitants), the increase was more significant, with the ceiling rising from R$ 250,000 to R$ 270,000.
Adjustments in the 2025 Budget and the 2026-2029 Plan
In the short term, O Especialista reports that the FGTS Council approved a reallocation in the 2025 budget. An amount of R$ 2 billion, originally allocated for families in Income Bracket 4 (higher income), will be immediately redirected to the individual loan modality.
Looking to the future, the new multiannual plan (2026–2029) has also been defined. The credit line “Support to Production” was increased to R$ 87 billion. Within this amount, R$ 60 billion (+14%) will be allocated to individual loans, strengthening the purchasing power of families.
However, not everything was an increase. The same multiannual plan foresees a drop in loans for construction (intended for companies), which fell to R$ 27 billion (a reduction of 15%). The budget for Income Bracket 4 was also reduced to R$ 10 billion in the 2028–2029 biennium, down from R$ 15 billion previously, reflecting the focus on lower income brackets.
What is the Impact on the Market and Construction Companies?
Although the new Minha Casa, Minha Vida rules will come into full effect only in 2026, market analysis, such as that published by Banco Safra and reported by O Especialista, indicates that the measures should expand accessibility for families in lower income brackets. The new multiannual plan is seen as a cornerstone for strengthening the housing program.
According to this analysis, companies like Tenda (TEND3) and MRV (MRVE3) are expected to benefit the most from the changes. This is due to both companies’ greater exposure to Income Bracket 1 and, in the case of MRV, its established presence in the North Region, which will now receive larger subsidies.
On the other hand, the program will come to rely more on individual financing (the end buyer). O Especialista points out that the R$ 5 billion cut in loans for construction (producer) starting in 2026 may pressure the financing costs for construction companies, as current disbursements are close to the new budget limit. This is a point of attention that the construction sector will need to monitor closely.
Do you agree with this change? Do you think it impacts the market? Share your opinion in the comments; we want to hear from those who live this in practice.
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