Minha Casa

‘Minha Casa, Minha Vida’ was launched by the Brazilian government in 2009 with a budget of R$36 billion (US$18 billion) to build 1 million homes.

Additional funds were recently ring-fenced by the Brazilian government to construct a further 400,000 homes in the Natal region.

The programme’s objective is to develop approximately 24 million low cost properties for low-income Brazilian families earning up to a maximum of 6 times the national minimum wage (approximately R$724 per month as at July 2014)

The programme is overseen and financed by Caixa Economica Federal Bank (‘Caixa’), a Brazilian commercial bank controlled by the State. Caixa is the 2nd largest government owned institution in Latin America and has over 32 million client accounts.

Unlike other property investment, the Brazilian Social Housing market includes price bands which have been determined by the government and which are known from the start of each project. In addition, buyers are granted 100% mortgages by Caixa in advance and individual properties are sold off plan before building has commenced under legally binding contracts.

Brazilian Social Housing Fund

Minha Casa - Minha Vida

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