Minha Casa Minha Vida Housing developments in Natal/RN/Brazil

SUMMARY OF INFORMATION ON MINHA CASA MINHA VIDA

WHAT IS IT?

Federal government program to meet the needs of millions of low-income families by
offering low-interest mortgages to first time home buyers. Brazil has never had a
policy so clearly designed to provide housing for the poor and the lower middle
classes.
Prioritizing households with 0-3 minimum salaries(600-1800reals per month) Housing
loans also available to home-buyers with up to 5000reals per month)


SUITABLE AREAS

Municipalities with population between 20-50,000 where urban population is minimum
70%.Area must have above average population growth with at least 5% growth from
years 2007-2010

HOW DOES IT WORK?

-Federal gvnt allocates resources/funds to housing deficit areas
-States,municipalities register families and prioritize those with 0-3 salaries
-Developers present projects to the lending bank(Caixa Economica)and
partner/co-operate with the relevant authorities
-Caixa analyses project,accompanies it`s build and liberates funds for mortgages to
selected families
-Funds deposited with the developer

CRITERIA FOR PRIORITIZING PROJECTS

-low sales price
-Existence of water,sewage and electrical lines
-social structure to create demand for the housing units
-located in urban municipalities with 20-100,000 inhabitants

CONDITIONS
TO BUY
-Mortgage repayments cannot exceed 10% of income
-Interest payments dependent on income bracket
-30year mortgage can be 100% financed with
1)Larger re-payments-reduced over time
2)Same re-payments-increase over time with I/R`s

INCENTIVES TO BUILD

Reduced corporation tax for developers; 1-6.9%


PHASE 1 of MINHA CASA MINHA VIDA
2009-2011  1million homes built(60% for low-income 0-3)
R$16.5 billion liberated for final year

PHASE 2
2011-2014  2million homes to be built
R$100 billion in 2012(alone)to be available to both house buyers and developers via
the national bank of Brazil(caixa)

NEWS IN JUNE 2012

Loan extentions from 30-35 years now offered to first time buyers in all applicable
income brackets.
Interest rates have fallen from over 10% in the past year to 8.85% now and could go
down to 7.8% for borrowers

WHERE ARE WE HEADING?

Acute housing shortages remain in Brazil
2million homes to be built in the next 2 years(100%increase from phase 1) Massive
injection of funds to finance buyers.
Longer periods for house owners to pay back loans
Ever cheaper credit for house owners
Outcome...never a better time to enter the market,provide a social need and generate
a profit

AREAS IN RIO GRANDE DO NORTE FOR MCMV

C.Mirim/Parnamirim/Extremoz/Macaiba/M.Alegra/Mossorro/Nisea Floresta/Sao Goncalo/Sao
Jose Mipibu


HOW CAN WE GIVE YOU A HEADSTART AS AN INVESTOR IN THE MCMV PROGRAM?

We have
-land areas in all of these municipalities that are suitable for the MCMV program
-ready approved MCMV projects from between 4-1400 homes/apartments in these areas
-passive investment opportunities in this sector with guaranteed returns of up to
50%(18month period)
-We can facilitate the whole investment process for you;
1)Company set-up
2)Selection of project
3)Licensing phase
4)Construction
5)Sales
6)Repatriation of profits 

Please contact me for more information on the minha casa minha vida program in Brazil 

Mike Smith
Real Estate Professional in Brazil
License number;3125

Website; http://www.brazbeachhouse.com
Blog;    http://brazilbeachhouse-wwwbrazbeachhousecom.blogspot.com.br/
FB;     http://www.facebook.com/pages/Brazil-Beach-House/126654720715275

Tel;      NATAL,BRAZIL
Office  ; 0055 84 3225 2108
Cellular; 0055 84 8807 5651
SKYPE   ; mikebrazilbeachhouse

E-mail ; mike@brazbeachhouse.com