Government: A buying your own home through Minha Casa Minha Vida It is not free, there is a need to pay for the financing installments. The idea in this program is that families obtain special payment conditions, including lower interest rates and now the possibility of purchasing without a down payment. In other words, it will not be necessary to give no value to start financing, just pay the installments.

There is a study of Ministry of Cities team, responsible for Minha Casa Minha Vida, which aims to offer financing without entry into the program. The measure would apply to families included in range 1 who have monthly income limited to R$ 2,640. These people already receive subsidies that can reach 95% of the value of the property, that is, at least 95% is paid by the federal government.

The idea now is to get partnership with state and municipal governments so that the full entry value of the property is fully financed by the public authorities. Another possibility, if the combination of these resources is insufficient, would be the use of resources coming from FGTS (Service Time Guarantee Fund).

According to members of the Palácio do Planalto and the Ministry of Cities, they say that the entrance fee, which is usually at least 20% of the property price for this range, has created barriers for the poorest population to be served by Minha Casa Minha Vida.

Track 1 of Minha Casa Minha Vida will be more popular

The idea of benefiting track 1 of Minha Casa Minha Vida comes from the last government, chaired by Jair Bolsonaro (PL) in which the popular housing program was called Green and Yellow House. At that time the old Ministry of Regional Development started to allow parliamentary amendments to be used to reduce the amount of entry paid by low-income people.

This group has a greater investment, as they have a lower income range, therefore are less likely to pay high amounts from the program. They have access to:

• Subsidies that reach 95% of the value of the property;
• Increase in the income limit band from R$ 1,800 to R$ 2,640;
• More advantageous interest rates.