MCMV will subsidize up to 95% of the value of the property

Those who earn up to R$2,640 in gross income per month may be included in track 1 of the new Minha Casa, Minha Vida (MCMV), relaunched in February. Practically excluded from the previous government’s program, this range became the focus of the Lula government, which intends to subsidize, with Treasury resources, up to 95% of the value of the property. The market estimates that the ceiling for range 1 will rise from R$130,000 to R$150,000, which is well-regarded by construction companies operating in the low-income segment.

According to the government, 50% of financed and subsidized units will be reserved for beneficiaries in this range in the coming years. The president of Ademi-RJ, Marcos Saceanu, says that the builders now need to do the math to find out if they can meet this range, since the costs of materials and services have limited the companies’ investments. With the readjustment of the ceiling, the chances of construction companies to bet on popular developments increase, whose demand, according to him, is huge in the country.

— The private initiative was having a lot of difficulty launching developments for track 1, but now the government has come in with a very strong incentive. So let’s see if these projects will be viable. It is difficult to say that the incentives will cause a boom in new releases, but companies are certainly reviewing their accounts – says Saceanu.

Tenda is alert to the MCMV changes, emphasizes the CFO and Investor Relations director, Luiz Mauricio, adding that, despite the announcement of changes in track 1, some definitions by the federal government regarding the program’s new subsidy curve are still missing . The company considers the changes relevant to the business, since it operates with a focus on families with gross income between R$ 2,640 and R$ 4,400.

— This is our target audience in popular developments, so we welcome the changes in the program. The actions encourage our commitment to help reduce the country’s housing deficit and expand the possibility of access to housing — points out Mauricio.

The CEO of MP Construtora, Bruno Murta, points out that the increase in the ceiling for range 1 is welcome, although the company intends to concentrate on ranges 2 and 3. The construction company is building the Bougainville Garden in São Gonçalo, with values ​​of up to BRL 145 thousand. The first condominium, with 500 units, was delivered last year. The second is under construction and should be completed in early 2026.

— The changes are welcome, but even so, it will be difficult for the construction company to bet on track 1, because of the construction costs — assesses Murta.

The new MCMV also contemplates changes in band 3, which goes from the limit of BRL 7 thousand of gross monthly income to BRL 8 thousand. The interest rate for this range ranges from 4.25% to 7.66% per annum.

The new format caught the attention of construction companies such as DC4 Empreendimentos. According to the Commercial Manager, Matheus Feitosa, the change in the bands increases the number of families that fit into the program. The company is building Varandas do Park, in Campo Grande, focused on tracks 2 and 3, and intends to launch this year another project in the North Zone, also included in track 3.

— Customers with an income of up to R$ 8,000 can get financing at lower interest rates, which is an additional incentive to buy a property — says Feitosa.

Completing 35,000 stalled works is among the demands of the market

With the new Minha Casa, Minha Vida, the government intends to build around 650,000 homes next year, which will be very important for job creation and economic development, comments the president of the Brazilian Association of Real Estate Developers (Abrainc), Luiz França, which also reinforces the importance of the government reviewing the property value ceiling, so that they are consistent with the new cost reality.

— It is also necessary to adopt other measures, such as the FGTS Futuro and the extension of the financing term to 35 years. Directing FGTS resources to housing is an essential point in making financing for the low-income population viable. Only in this way will we be able to continue producing on a large scale for years to come,” says França.

The president of the Union of the Civil Construction Industry of Rio de Janeiro (Sinduscon-Rio), Claudio Hermolin, emphasizes the need for the government to invest in completing the works that are paralyzed across the country due to lack of resources.

— As important as revising the program is resuming work on unfinished housing units, which, by our count, reach 35,000 in all states of Brazil — points out Hermolin.