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The My House, My Life Program (MCMV) Has As Its Main Objective The Promotion Of Brazilian Economic Development And The Provision Of Housing Options For Families Of Different Income Ranges.
This Tuesday (20), the Advisory Council of the Guarantee Fund for Length of Service (CCGFTS) decided to increase the subsidy allocated for popular housing in the program and reduce the interest rate for low-income families.
The subsidy consists of the part of the financing taken on by the Union, and its increase was approved by the council for beneficiaries of the MCMV. The program was established in 2009, during the second term of President Luiz Inácio Lula da Silva (PT), and resumed in the third term of the same party. Since then, it has benefited thousands of families across the country.
One of the main changes to the program is the increase in the maximum allowed value for purchasing properties in tier 3, which covers families with a monthly income between R$ 4,400.01 and R$ 8,000, from R$ 264,000 to R$ 350,000 in all locations.
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With the new law, shopping malls will no longer operate on Sundays, similar to supermarkets; the rule imposes closure by 9 PM, foresees a fine of R$ 15,000, suspension, and even revocation of the license in Salvador.
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Only 7 ships have crossed the Strait of Hormuz in the last 24 hours when the normal is 135 per day, and the United Arab Emirates confirms that 230 oil tankers loaded with oil are ready to depart but are prevented from leaving while Iran turns the waterway into a sovereign control post.
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Trump sent a treaty on critical minerals to Lula in early 2026, and the document is sitting in the president’s drawer unsigned because the Brazilian government considers the proposal too generic and refuses to turn the country into a mere exporter of raw materials.
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A homeless person in Los Angeles built their own wooden house with a garden at the entrance, a bed, a television, and a bathing area, and is now selling identical mini houses for $150 to other homeless individuals who prefer anything over returning to plastic tents.
With This Change, The Government Estimates Potential For The Hiring Of About 57 Thousand Housing Units, With 40 Thousand Planned For The Year 2023.
The limits for properties in tiers 1, for families with a family income of up to R$ 2,640, and 2, for families with a family income between R$ 2,640.01 and R$ 4,400, will vary between R$ 190,000 and R$ 264,000, depending on the geographical location.
There Will Be A Reduction In The Interest Rate For Families With A Monthly Income Of Up To R$ 2,000. In The North And Northeast Regions, The Rate Will Be Reduced From 4.25% To 4%, While In The Southeast, South, And Central-West, The Reduction Was From 4.5% To 4.25%. This Measure Aims To Increase Financing Capacity And Make The Program More Accessible To This Group Of Families.
The Federal Government Program Does Not Include Temporary, Assistential, Or Pension Benefits, Such As Sick Leave, Accident Aid, Unemployment Insurance, Continuation Benefit (BPC), And Family Allowance.
The Requirements To Participate Include Family Leadership By Women, Calamity Situations, Families That Have People With Disabilities, Elderly Persons, Children, And Adolescents In The Family Composition, Families In Situations Of Risk And Vulnerability, Families In Areas In Emergency Or Calamity Situations, Families Involuntarily Displaced Due To Federal Public Works, And Families Experiencing Homelessness.
For Families That Fit The Income Brackets, The Opportunity To Finance Their Own Home With Lower Interest Rates Than Those Practiced In The Market Is A Door That Opens For People Who Previously Could Not Achieve The Dream Of Homeownership. LEARN MORE.
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