My House, My Life Program: Increase in Subsidy and Decrease in Interest Rates

Written by Bruno Teles

Published on 20/06/2023 at 18:08

FOTO: divulgação

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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 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.

My House, My Life Program: Increase in Subsidy and Decrease in Interest Rates

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.

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 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.

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My House, My Life Program: Increase in Subsidy and Decrease in Interest Rates

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.

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 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.

While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

With a diameter of 15.08 meters, a length of 182 meters, and weighing 3900 tons, the world’s largest tunnel boring machine for drilling super hard rock made a 9 km tunnel in Georgia and impresses with its excavation power.

Material once seen as a poor man’s choice returns as a climate bet, with red clay replacing part of the gray concrete in modern buildings, hospitals, houses, and a cultural center that transforms tradition into a solution against urban heat.

Study solves great ancient mystery: remains of Philip II, father of Alexander the Great, are identified in Vergina and resolves the enigma of the Macedonian royal tombs that had lasted half a century.

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