The president Luiz Inácio Lula da Silva launches this Friday (10) in the capital of São Paulo a package for the real estate market: a policy that opens space for financing of housing for the middle class and a program aimed at housing reforms and improvements.
The main announcement of the day is the new policy for the middle class. The measure will be aimed at financing housing for families earning between R$12,000 and R$20,000. As he showed CNNthe measure will, in practice, release money from the SBPE (Brazilian Savings and Loan System), according to sources close to the matter.
Today, 65% of the resources raised by savings banks need to be directed to real estate credit; 15% are free for more profitable operations; and 20% remain with the BC (Central Bank) in the form of compulsory deposits.
The Minister of Cities, Jader Filho, told the CNN Money on Thursday (9) that the
The announcement comes one year before the 2026 elections, when the president must run for election. This is another action aimed at the middle class — launched shortly after the federal government created “Faixa 4” of Minha Casa, Minha Vida, which offers better financing conditions for those earning between R$8,000 and R$12,000.
The second launch is a new program, whose ordinance has already been published by the Ministry of Cities on Thursday, to finance housing renovations and expansions.
Residents of urban areas with a monthly family income of up to R$9,600 will be able to borrow money for renovations and improvements.
The “Improvement Band 1” goes up to R$3,200 per month, and the “Improvement Band 2” goes up to R$9,600. Only residential and mixed properties will be served.
The v. Costs will be taken into account for construction materials, labor, preparation of technical drawings, as well as technical visits for guidance and monitoring of works.
As interest rates will be 1.17% per month for Track 1 and 1.95% per month for Track 2. The financing amortization period will be a minimum of 24 months and a maximum of 60 months.
According to an investigation by the CNN BrazilR$40 billion from the pre-salt Social Fund, supplied with money from oil royalties, will make the program viable. In July, the law was approved that allowed the use of this money for housing purposes.
New policy for the middle class
The government’s policy will be to allow the free use of resources by banks in profitable operations, with the counterpart of the institutions granting real estate credit in an amount equivalent to that raised.
Thus, 5% of the reserve requirement will initially be released and, if there are no complications, the 20% will be available from 2027.
During discussions on the proposal, the real estate sector warned the government that it feared the impacts of an abrupt change and asked for a transition rule.
Currently the SBPE (Brazilian Savings and Loan System) accumulates around R$750 billion. Thus, at first the injection could reach R$35 billion, and when the policy is established, R$150 billion.
“This is an important segment in our society that is still underserved from a financing point of view. And tomorrow we will hold a launch, together with President Lula, to respond to this”, said Jader Filho at an event on Thursday.
