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Brazil Low Income
Housing Plan
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Ago
Brazil Low
Income Housing Plan
Brasilia - Low income Brazilians will be
benefited by a governmental housing plan to
build one million houses by 2010.
This project is called Mi casa, Mi vida (My
Home, My Life), and the ground breaking
ceremony was presided by President Luis
Inacio Lula da Silva, the Minister of
Civilian Housing, Dilman Rousseff who
announced that 34 billion reales, about 15.2
billion dollars, have been set aside for
this project.
Rousseff pointed out to 500 people,
including half of the cabinet, prefects,
almost all state governors and accredited
press that the states and municipalities,
acting as counterparts, can count on
investments of the federal government, land,
reduction of taxes and even financial
resources.
The intention of the government is to build
400,000 houses for the population that will
pay a minimum of 40 reales, 22 dollars, and
the families will receive an integral
subsidy with insurance.
For families in the 3-6 times the minimum
wage bracket, the loan payments will be up
to 20 percent of income for 400,000 houses
under a 4.7 billion investment plan.
The remaining 200,000 homes will be for
families with incomes between seven and ten
times the minimum salary. They will be
encouraged to buy the home with a reduction
of insurance costs and access to the
Guarantee Fund. This housing program is
promoted by the government to reduce by 14
percent the scarcity of homes in the
country, estimated at 7.2 million homes,
thereby eliminating, to some degree, the
effect of the world economic crisis.
Also, about half a million jobs will created
not only in civilian construction but also
in sectors such as those of materials, goods
and factories of accessories for the homes.
The Minister of the Environment, Carlos Minc,
announced that the new homes will have solar
energy and take advantage of rain water.
This will generate economic improvement for
the inhabitants and eliminate waste of
830,000 tons of coal, he said, announcing
the construction of a 520 megawatt
generator.
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