Substitute Program for Minha Casa Minha Vida Expected to Strengthen Construction Industry in the North and Northeast

Written by Valdemar Medeiros

Published on 17/01/2021 at 09:23

Trabalhadores da construção civil

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In Addition to Strengthening the Construction Industry, the New Federal Government Program That Replaces Minha Casa Minha Vida Should Offer Lower Interest Rates for Families in the Two Largest Regions of Brazil

The Federal Government announced this week that the Minha Casa Minha Vida program has been definitively replaced by the Casa Verde e Amarela program. With this change, the construction industry is expected to strengthen in the North-Northeast regions, where these housing complexes are largely built, in addition to a decrease in interest rates for the regions. However, President Jair Messias Bolsonaro vetoed the provision that extended to the new program the tax regime applicable to construction companies that are subject to the Minha Casa Minha Vida rules, which left the sector frustrated.

The President of the Construction Industry Union of the State of Ceará (Sinduscon-CE), Patriolino Dias Spoke on Behalf of the Union:

“We are very optimistic about this program that replaces Minha Casa Minha Vida, but we regret the removal of the RET (Special Tax Regime). We are closely monitoring this, but I believe the program will take off”

The tax regime already provides for a unified collection of taxes that equates to about 4% of the monthly revenue collected under the construction contract.

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For the Vice President of the Federation of Industries of the State of Ceará (Fiec), André Montenegro, Bolsonaro’s Veto on the Replacement of Minha Casa Minha Vida Was What He Called a “Negative Surprise”

“A high-end apartment pays 4% tax and a low-income house will now pay 6.7%, which is very detrimental to the program. Now we have to mobilize to overturn this”, Montenegro reported.

This matter was published in the Wednesday (13) edition of the Official Gazette of the Union. After publication, lawmakers need to decide whether or not to maintain the presidential veto decision in a session with Congress. To reject the veto, a considerable number of votes from deputies and senators is necessary.

Substitute Program for Minha Casa Minha Vida Expected to Strengthen Construction Industry in the North and Northeast

In Addition to Strengthening the Construction Industry, the New Federal Government Program That Replaces Minha Casa Minha Vida Should Offer Lower Interest Rates for Families in the Two Largest Regions of Brazil

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The President of the Construction Industry Union of the State of Ceará (Sinduscon-CE), Patriolino Dias Spoke on Behalf of the Union:

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Substitute Program for Minha Casa Minha Vida Expected to Strengthen Construction Industry in the North and Northeast

In Addition to Strengthening the Construction Industry, the New Federal Government Program That Replaces Minha Casa Minha Vida Should Offer Lower Interest Rates for Families in the Two Largest Regions of Brazil

Read Also

The President of the Construction Industry Union of the State of Ceará (Sinduscon-CE), Patriolino Dias Spoke on Behalf of the Union:

For the Vice President of the Federation of Industries of the State of Ceará (Fiec), André Montenegro, Bolsonaro’s Veto on the Replacement of Minha Casa Minha Vida Was What He Called a “Negative Surprise”

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

China opens the world’s first school where more than 100 humanoid robots from different brands will study together, each movement will be repeated up to 600 times a day and the data will feed a collective brain that will teach all the robots of the future.

A giant golden ball in the middle of gardens in India was assembled with 1,415 discs, took decades to be completed, and transforms sunlight into controlled central lighting.

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China prepares a “panoramic Hubble” with 2.5 billion pixels and a field of view 300 times larger: Xuntian will have a 2-meter mirror, resolution close to that of the American telescope, can dock at the Tiangong space station for maintenance, and promises to map 40% of the sky in a decade.