The FGTS Board of Trustees approved this Thursday (7) measures that the construction sector hopes will be able to unlock the Casa Verde e Amarela housing program, impacted by rising costs and falling incomes of families pressured by rising inflation.
Gross monthly household income thresholds for housing program applicants were raised. Sub-band 1, with income between R$2,400 and R$2,600, had the ceiling increased to R$3,000. The lower range of up to R$2,400 was maintained.
Above these levels, the board approved raising the values ​​of the intermediate group – which rose from R$2,600 to R$4,000 to R$3,000 to R$4,400— and of the higher-income group, which rose from R$4,000. from R$7 thousand to R$4,400 to R$8 thousand.
The board meeting took place earlier. At the end of the session, the shares of construction companies closed sharply higher. MRV rose 6.42%, Tenda jumped 11.69%, Plano&Plan increased 6.37% and Direcional gained 4.43%.
“The measures represent advances to improve the condition of those who produce (builders) and maintain the purchase condition of the Brazilian citizen who wants to acquire their property”, said the National Secretary of Housing of the Ministry of Regional Development, Alfredo Santos, during an online presentation promoted by Cbic (Brazilian Chamber of the Construction Industry).
The president of Cbic, José Carlos Martins, said that the measures “are excellent and help a lot”.
Santos said that the measures represent an increase of up to R$ 19,000 in the financing capacity of families and that the reductions in interest rates will be 0.75% and 1.16% in the Casa Verde and Amarela ranges. According to the secretary, 31% of the program’s portfolio will benefit from the interest reduction.
In addition, the council approved changes in the Pro-Cotista program, aimed at those who do not fit into the Casa Verde e Amarela.
According to Santos, there will be a reduction by the end of the year in the Pro-Quota interest rate from 1% to 7.66% per year, for properties valued at up to R$ 350 thousand. In the case of properties above this value, the reduction will be 0.5%, to 8.16% per year.
The expectation of the construction sector is that the approved measures will come into force by July 18.
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