They request alternatives to avoid a crisis in the social housing market.
News Colombia.
The Mi Casa Ya program, which for years has been a pillar to facilitate access to social housing in Colombia, is facing one of its most critical moments.
According to Camacol, nearly 40,000 families that already had commitments will lose subsidies due to the National Government’s decision to suspend new applications and pre-assignments, added to the exhaustion of interest rate coverage.
The circular published by the Ministry of Housing on December 16 confirmed these measures, which Camacol qualifies as “a strong blow» both for the beneficiaries of the program and for the construction sector.
Guillermo Herrera, president of the Colombian Chamber of Construction, expressed his concern:
“The measures adopted deal a strong blow to the program and once again generate uncertainty for both the benefited households and the construction sector.”
The impact on homes and the market by Mi Casa Ya
The suspension means that households that aspired to receive subsidies to purchase social housing will have to face significantly higher costs.
Without the benefit of reduced interest rates, monthly payments could increase by up to 30%, which will make access to home ownership even more difficult.
Related news: Uncertainty in Mi Casa Ya: Government announcement on the housing subsidy worries thousands of families
In parallel, the construction sector faces an adverse scenario. Camacol had projected a 6% growth in the purchase of social housing by 2025, a goal that now seems increasingly distant.
The confrontation between the Government and Camacol
President Gustavo Petro’s response, far from calming tensions, increased public debate. Through his account on the social network
Camacol’s requests:
Faced with this crisis, the Colombian Chamber of Construction, Camacol, has made two key requests to the National Government:
- Implementation of a transition regime: Manage resources that ensure the continuity of subsidies already committed.
- Review of the decisions taken: Evaluate alternatives that minimize the economic and social impact, avoiding a slowdown in the social housing market.
A sector in suspense due to the situation of Mi Casa Ya
The uncertainty generated by these measures not only affects the families that depend on Mi Casa Ya, but also threatens to slow down one of the most dynamic sectors of the Colombian economy.
The coming weeks will be decisive in knowing if the Government will review its position or if the country will face an even greater crisis in access to information. dwelling of social interest.
📢 PRESS RELEASE
More than 40,000 households would be left without coverage at the interest rate for purchasing
housing in 2024 and 2025• The measures adopted deal a strong blow to the program, and once again generate
uncertainty for both beneficiary households and… pic.twitter.com/5m61QuyGtG— Camacol Colombia (@CamacolColombia) December 19, 2024
