The government will increase the value of the program

a Federal government March 3 last economic stimulus limits for Green and Yellow House Program. The limit has moved from 110,000 Brazilian riyals to 130,000 Brazilian reais. The value is used to purchase, renovate, or build new or used property in urban areas. The limit has also been extended to include rural areas, from R$45,000 to R$55,000.

Read also: Find out who can participate in Casa Verde e Amarela

It is important to update these amounts, in light of the health and economic crises he suffers from Brazil Confront, with this real estate prices and costs of renovation or construction rose sharply.

It is also necessary to remember and study the number of Brazilians who are currently unemployed and in a state of social vulnerability.

This change could help more Brazilians get housing.

Find out more about Casa Verde e Amarilla

This program is an initiative of the Federal Government with the aim of ensuring that the most vulnerable Brazilians have access to housing.

The Casa Verde e Amarela program also aims to make good impacts in economic development and service generation. It is also expected to increase the quality of life of Brazilian families.

When the program began, the intent was to help finance housing for more than 1.6 million low-income families by 2024.

There is also the possibility of housing financing, and the program also seeks to settle 2 million homes, as well as improve 400,000 by 2024.

What does the program give the most vulnerable Brazilians?

In pursuit of ensuring housing for the most vulnerable people, this program was established in 2020. It awards:

• housing construction
• house renovation
• social rent
• land leveling
• Lower and more flexible interest rates

Who can participate in the programme?

Brazilians interested in participating in the program must go to one of the federal Caixa Econômica branches, where they can obtain housing and a 30-year payment period.

The amounts and interest rates that will be received from the Casa Amarela e Verde program will depend on the income of each, as well as the value of the property and its location. The maximum value of the property for financing must be 264 thousand Brazilian riyals.

How can I participate in the Casa Verde e Amarela programme?

Some of the criteria for family participation are:

Families with a gross income of up to R$2,000 will be able to get real estate at a rate of 4.75% per annum, with subsidies of up to R$47,500.

Families with incomes from 2,001 to 4,000 R$s will receive a nominal interest rate of 5.25% per annum, with subsidies amounting to 29,000 R$s.

Families with a gross income of R$4,001 to R$7,000 will have a nominal rate of 7.66% per annum.

All families that meet the above criteria can be part of the program individually, through a construction company and also through an organized entity, in the case of a project funded by Caixa.