The federal government launched this Monday (20) the Reforma Casa Brasil Program, aimed at families who already have their own property, but need to carry out repair, expansion or structural improvements.
The new line of credit, coordinated by the Ministry of Cities in partnership with Caixa Econômica Federal, is part of the resumption of Minha Casa, Minha Vida and will have reduced interest rates and free technical support for planning renovations.
The program will have R$40 billion in housing credit, with R$30 billion coming from the Social Fund and R$10 billion from the Brazilian Savings and Loan System (SBPE). The resources will come, in large part, from oil royalties.
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Each family will be able to receive up to R$30,000 in a letter of credit for the purchase of construction materials, payment of labor and technical services. The analysis of the proposals will be the responsibility of Caixa, which will pay the amounts directly to accredited suppliers and providers, avoiding transfers in cash to the beneficiaries.
Who can participate
The target audience is families with their own home in a precarious situation, facing problems such as infiltration, mold, leaky roofs or the risk of collapse.
The program will have two income brackets:
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• Improvement Track 1 – for families with income of up to R$3,200, with interest of 1.17% per month, financed by the Social Fund;
• Improvement Track 2 – for income between R$3,200 and R$9,600, with interest of 1.95% per month, covered by the SBPE.
The payment term will be up to 60 months, limited to 25% of the family’s monthly income, and the conditions will be more advantageous for families registered with CadÚnico (Single Registry for Social Programs). Each family unit can only have one active contract.
The government estimates that the program will benefit 1.5 million families by 2026, in an effort to improve housing conditions and reduce the qualitative housing deficit, that related to the precariousness of existing housing.
The initiative is one of the five structuring lines of the reformulated Minha Casa, Minha Vida, which seeks not only to expand access to housing, but also to guarantee quality and safety in popular buildings.
