Minha Casa, Minha Vida has new criteria, check it out

Minha Casa, Minha Vida: New criteria and exemptions for access to free housing in Brazil. Check out the changes that are transforming the reality of low-income families.

The "Minha Casa, Minha Vida" housing program has undergone significant transformations recently, seeking to make purchasing home ownership more accessible for low-income people.

The changes, implemented by the Ministry of Cities through a decree published last year, represent a turnaround in Brazil’s housing policies. To check them out, follow the reading with plasticaxe.pro.

Brazilian housing program undergoes a turnaround: free housing now within the reach of more people. (Credit: @jeanedeoliveirafotografia / pronatec.pro.br).

Changes to Minha Casa, Minha Vida 2024: new directions for housing in Brazil

Until then, all property buyers financed by the program were responsible for paying the installments, although these amounts were relatively low.

However, now a specific group is exempt from these charges, as long as they meet the requirements established by the Federal Government.

Who is exempt from Minha Casa, Minha Vida 2024?

According to the new guidelines, those who receive Bolsa Família or the Continuous Payment Benefit (BPC) are automatically exempt from paying financing installments.

In addition, contracts in subsidized modalities with the following resources also guarantee this benefit:

Residential Lease Fund (FAR); Social Development Fund (FDS); eNational Rural Housing Program (PNHR)

Impact on Brazilian families

This measure has a substantial impact on access to housing in Brazil, with estimates showing that approximately 750,000 families who had already purchased properties through the program in the last year will be exempt from paying installments.

And as we move towards 2024, a significant increase in the number of participants in the program is expected.

Income ranges and new criteria

But what exactly do these changes mean in terms of eligibility criteria?

For those who meet the criteria and already have an active contract with Minha Casa, Minha Vida, the government ensures that the exemption will occur automatically after analyzing the system, eliminating the need to pay the next installments.

For those who meet the criteria, but have not yet purchased their homes through the program, the exemption is guaranteed when signing the contract.

What are the income ranges for Minha Casa, Minha Vida?

In addition to these changes, the program’s income ranges were also adjusted to better accommodate the different economic realities of Brazilian families. See the new rules below:

Band 1 (Urban): Now includes families with gross monthly family income of up to R$2,640, a significant increase compared to the previous limit of R$1,800. In rural areas, Range 1 covers families with annual gross family income of up to R$31,680. Range 2 (Urban): This range covers monthly gross family income of R$2,640.01 to R$4,400. In rural areas, Range 2 encompasses annual gross family income from R$52,800.01 to R$96,000. Range 3 (Urban): For families with monthly gross family income of R$4,400.01 to R$8,000. In rural areas, Range 3 includes families with gross annual family income of R$52,800.01 to R$96,000.

Update on property values

In addition to changes in income ranges, the new "Minha Casa, Minha Vida" rules also involve an update in the maximum values ​​of properties to be financed, taking into account urban and rural areas. Check out:

Urban area:

Band 1 (property with subsidy): up to R$ 170 thousand Band 1 and 2 (financed property): up to R$ 264 thousand Band 3 (financed property): up to R$ 350 thousand

Rural area:

New properties: up to R$75 thousand (previously R$55 thousand)Renovation of properties: up to R$40 thousand (previously R$23 thousand)

In short, these changes represent an important step towards making free housing a reality for an even greater number of people in Brazil, promoting access to decent housing for those who need it most.

Ultimately, "Minha Casa, Minha Vida" continues to be a fundamental program in combating the housing deficit and in the search for a more fair and egalitarian country.

More about Minha Casa, Minha Vida: Changes to Minha Casa Minha Vida: Bad news for those who want to buy properties

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