The Minister of Cities, Jader Barbalho Filho, said today (9) in São Paulo that the federal government’s new policy – which should be announced tomorrow (10) by President Luiz Inácio Lula da Silva – should result in Caixa Econômica Federal financing another 80,000 new homes by 2026.
According to the federal government, the new policy foresees a structural reform in the use of savings to leverage housing credit, modernizing the rules governing the Brazilian Savings and Loan System (SBPE), with the aim of making the use of savings more efficient and expanding the supply of housing credit.
“The forecast is that Caixa Econômica Federal alone will be able to have another 80 thousand new financings by 2026. Let’s start this immediately, now. So, in Caixa alone, another 80 thousand new homes are expected to be financed”, said the minister, who participated in the Incorpora 2025 event, one of the largest in the sector and which brings together public authorities, CEOs of the largest developers in the country, representatives of financial institutions and experts to discuss the sector’s challenges and opportunities real estate in Brazil.
Although he did not give many details about the new real estate credit model “so as not to miss the announcement” that will be made by President Lula tomorrow in the capital of São Paulo, the minister stated that the measure was worked on between the Ministry of Cities, Caixa Econômica Federal, the Ministry of Finance and the Central Bank and that the federal government is concerned about offering a financing alternative for the middle class, especially among families earning between R$12 thousand and R$20 thousand.
“We have families in a large part of our society who earn more or less between R$12 thousand and up to R$20 thousand and who are currently in a situation of not having any source of financing or only sources of financing that we have today. We want to expand this”, said Jáder Filho during the event.
Later, in an interview, he highlighted the great lack of real estate financing for this segment of the population.
“Those families that range from R$12,000 to R$20,000 were unserved. And this, obviously, bothered us deeply. Before the creation of the Minha Casa, Minha Vida program for the middle class, this problem was even greater because families above R$9,600 were not served. What we seek with these changes that will be announced by President Lula is to provide more financing, more resources so that all families who want to realize their dream of owning a home – and not just the of the lower classes – that if they go to a banking institution, they find an alternative and financing that fits their budget”.
For the president of the Brazilian Association of Real Estate Developers (Abrainc), Luiz França, the federal government’s new model should boost the sector.
“It is not possible to have an expectation in terms of number of values, but what the federal government, together with the Central Bank, is doing is a very intelligent formula to be able to bring more resources to the market, at a time when everyone is seeing that there is a reduction in the volumes of the savings portfolio. So, this will cause more volume to come to the market. And with more volume coming, naturally people will have access to financing, and that is what we need so that they have the capacity to acquire their real estate. So, this goes towards what is needed for the market”, he told journalists.
Adjustments
In the interview, the minister also informed that the government is studying adjustments in the first three bands of the Minha Casa Minha Vida program.
“The issue of the property ceiling, I had a dialogue yesterday with Minister Rui Costa, from the Civil House, and it was determined that, in some income brackets, we will make an adjustment to the property ceiling. There is a discussion process, including a request made by Abrainc and other segments, to also make an adjustment to the income ceiling. This is something that we are studying together with Abrainc and our technical team within the Ministry of Cities, but it is likely that let’s also make an adjustment to the income ceiling.”
