Brazilian Chamber of Construction Industry praises President Lula’s measures that inject R$20 billion into Minha Casa, Minha Vida
The (Brazilian Chamber of Construction Industry) praised this Wednesday (April 15, 2026) the measures taken by the government (PT) that inject into the construction of housing for the middle class and demanded congressmen for approving the changes.
According to the organization, the use of the pre-salt social fund to expand band 3 – aimed at those Brazilians with a family income of up to R$9,600 – is a very welcome initiative for the middle class to have access to their own home.
Cbic declared that the current scenario is one of restricted access to credit, with high interest rates. The Lula government intends to deliver 3 million housing units in 4 years.
“In a scenario in which the basic interest rate (Selic) is 14.75%, the diversification of credit at lower rates contributes to the acquisition of housing, especially after the new classification of the MCMV income bands”these.
The proposal still depends on Congressional approval, through a provisional measure or bill.
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“CBIC considers that resources from the Pre-Sal Social Fund will help the middle class in purchasing their own home. The use of the Pre-Sal Social Fund to expand financing for range 3 of the Minha Casa, Minha Vida (MCMV) program is a very welcome initiative for the middle class’ access to owning their own home, especially in a scenario of restricted access to credit and interest rates are still at very high levels.
“The inclusion of resources from a new source of financing is important for achieving the goal established by the government, of delivering 3 million units in four years. The Brazilian Chamber of the Construction Industry (CBIC) supports the use of the Social Fund for housing and expects the National Congress to approve the measure, regardless of the instrument used by the Executive Branch, whether via Provisional Measure or Bill.
“In a scenario in which the basic interest rate (Selic) is 14.75%, the diversification of credit at lower rates contributes to the acquisition of housing, especially after the new classification of the MCMV income bands”.
