The new rules of the Minha Casa, Minha Vida housing program end up opening the doors of the sector both for people who are looking to acquire their own property, as well as for construction companies and developers. This is because the greater the participation in the program, the more projects will be built.
In this article, you will see the changes to MCMV and understand how it free email lists uk to help expand the real estate market. Let's join us on this journey of knowledge.
If you are not yet familiar with the program’s new measures, you can read the article “ New features of the Minha Casa, Minha Vida housing program: what should you know before selling? ”
Summary
What is My Home, My Life?
How does the new My Home, My Life 2023 work?
What are the changes to the MCMV program?
What are the rules for obtaining MCMV 2023 financing?
What are the most asked questions about the new MCMV?
What are the interest rates for the new Minha Casa, Minha Vida?
Can any property be purchased through the MCMV program?
How does MCMV verify the possibility of MCMV financing?
The MCMV tracks
Track 1
Track 2
Track 3
The impact of MCMV on the real estate market
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What is My Home, My Life?
The Federal Government's housing program has existed since 2009 , as a tool that would facilitate access to housing for the low-income population . The name “ Minha Casa, Minha Vida ” remained for 10 years, when in 2019 , it was replaced by the name “ Casa Verde e Amarela ”.
This change also impacted the implementation of the program at a national level . It is worth noting that with the pandemic and the fluctuations in the Brazilian economy, the uptake of financing ended up decreasing.
The 14-year-old project needed to be reformulated , and this is due to the growth of the construction sector . At the beginning of 2023 , the project underwent an adaptation , resuming the name and establishing some rules , thus becoming the new “Minha Casa, Minha Vida” .
The changes and new rules of MCMV are essential for the planning and acceptance of projects aimed at this segment . Therefore, I will explore how this program will work from 2023 onwards .
How does the new My Home, My Life 2023 work?
The new rules for Minha Casa, Minha Vida are aimed primarily at residents of urban areas . This is because property acquisition is much higher in these areas, due to the population size and the growth of the cities themselves.
Housing policy was reformulated for the year 2023. Financing conditions were reviewed, as were the interest rates applied after the approval of real estate credit.
The new Minha Casa, Minha Vida program established that families with a gross monthly income of up to R$8,000 can obtain urban real estate financing. It also includes rural families with a gross annual income of up to R$96,000 . Social , welfare or pension benefits are not included in the total income .
To understand more about how the new Minha Casa, Minha Vida works , I have selected an episode of the biggest podcast in the real estate market to inform you about the program and its importance for this sector.