Brazil Earmarks US$ 4 Bi to Deal with 7.2 Bi Houses Deficit

This year, Brazil’s federal government will invest US$ 4 billion (11 billion reais) in housing programs so as to reduce the country’s deficit in that area. The Ministry of Cities, which oversees the programs, is seeking out partnerships with states and municipalities.

According to data from the Housing Secretariat, which is housed in the Ministry of Cities, the country has a shortfall of 7.2 million housing units, of which 80% is located in urban areas. The Northeast region has the biggest housing shortage: it needs 2.85 million units.


“The only way to deal with the housing deficit is by uniting the federal, state and municipal governments in a concerted effort. We seek to get the local authorities involved,” explains the director of the Department of Urbanization of Precarious Settlements at the Secretariat, Inês Magalhães.


The Ministry administers a number of programs with funds from the Federal Mortgage and Savings Bank (Caixa Econômica Federal) to aid low-income families with housing or give them subsidies for their rent or home purchases.


The programs (Programa de Arrendamento Residencial (PAR), Programa de Subsí­dio Habitacional (PSH), Pró-Moradia and Fundo de Arrendamento Residência (FAR)), are run by municipal authorities at the local level.


Translation: Allen Bennett
Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Viacabo Brazil Offers New PPV Technology

Norway-based Conax AS has launched a pilot of its new Conax CAS7 modular system ...

Brazil’s Petrobras Has 500 Million Barrels of Oil in the US

Petrobras’ petroleum reserves on the American side of the Gulf of Mexico amount to ...

Dream Stuff

Chrystianne Rochat. Pay attention to this name. You’ll probably hear much more about this ...

Oil Agency Chief Betting on 7% Growth for Brazil in 2006

The general director of the National Petroleum, Natural Gas, and Biofuels Agency (ANP), Haroldo ...

The Ills of Tobacco and TV in Brazil

A judge in São Paulo, Brazil, found against Souza Cruz and Philip Morris for ...

Brazil Offers to Produce Asian Bird Flu Vaccine for Global Consumption

Brazil presented a proposal to the World Health Organization (WHO) to be chosen as ...

Brazilian woman takes birth-control pill

Brazil Offers Free and Heavily Subsidized Birth-Control Pills and Vasectomy

Brazilian President, Luiz Inácio Lula da Silva, launched this Monday, May 28, the National ...

New Tribe of Uncontacted Indians Found in Brazilian Amazon

Once again another of Brazil’s uncontacted Indian tribes has been spotted in the country. ...

WWF Expedition Discovers New Fish, Frog and Tree Species in the Amazon

The Juruena-ApuÀ­ Expedition, organized by the Washington-based  World Wildlife Fund (WWF), reports that it ...

In Brazil Oil Exploration Is Not Only for Big Shots Anymore

The National Petroleum, Natural Gas and Biofuel Agency (ANP) of Brazil wants to establish ...