The "My House, My Life" (MCMV) program, the country's main housing program, will reach more beneficiaries this year. The Board of Trustees of the Guarantee Fund for Length of Service (FGTS) approved new rules on Tuesday (24th), expanding the income limits for families and the maximum financing values for properties. These changes are still subject to publication in the Official Gazette of the Union to come into effect.
New Income Limits
The monthly income ceilings have been updated in all brackets:
Bracket 1: from R$ 2,850 to R$ 3,200
Bracket 2: from R$ 4,700 to R$ 5,000
Bracket 3: from R$ 8,600 to R$ 9,600
Bracket 4: from R$ 12,000 to R$ 13,000
In Bracket 1, a new interest rate of 4.50% per year has been created for families with incomes between R$ 2,850.01 and R$ 3,200, which is lower than the previous 4.75%.
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Higher Values
In brackets 3 and 4, the financing limits have also been expanded:
Bracket 3: from R$ 350,000 to R$ 400,000 (+14%)
Bracket 4: from R$ 500,000 to R$ 600,000 (+20%)
Who Benefits
According to the government, these changes should expand access to the program:
87,500 families will benefit from lower interest rates
31,300 new families will be included in Bracket 3
8,200 families will be included in Bracket 4
Additional Resources
The expansion will be funded by the Social Fund, with approximately R$ 31 billion allocated to the program. It is expected that this additional funding will begin to be used in the second half of the year.
Impact
The technical team estimates the impact to be:
R$ 500 million in subsidies
R$ 3.6 billion in housing credit
The goal is to facilitate access to homeownership, especially for the middle class, given the high interest rates and the reduction in savings resources.
The board also approved the resumption of the FGTS-Health program, aimed at philanthropic organizations that serve the Unified Health System (SUS). The new rules expand the deadlines:
Up to 15 years for the financial restructuring of organizations
Up to 20 years for the purchase of equipment
Up to 30 years for credit for health facility construction projects
The proposal faced resistance from representatives of the private sector, who criticized the use of FGTS funds for the restructuring of institutions. The National Confederation of Commerce of Goods, Services and Tourism (CNC) voted against it.
The Board of Trustees also approved the inclusion of beneficiaries in the Urban Transport and Mobility Infrastructure Program (Pró-Transporte).