Brazil’s Housing Deficit of 7 Million Might Double

In less than 20 years, Brazil’s housing deficit can nearly double from its present lack of 7.2 million residential units to 12.45 million in 2023. In an attempt to diminish this difference, the Ministry of Cities estimates that an annual expenditure of around US$ 4.52 billion (12;44 billion reais) is necessary.

Yesterday in Brasí­lia the National Urban Development Policy (PNDU) was presented by the Brazilian government, in a seminar sponsored by the Ministry, to deal with the question of the housing deficit, in addition to questions related to sanitation, transportation, traffic, and urban planning.


One of the main points was the creation of the new National Housing System (SNH),, intended to provide residential access to all segments of the population, most of all the low income population.


According to the Minister of Cities, Olí­vio Dutra. the basic idea of the PNDU is that the country is undergoing an “urban crisis,” and what is needed to turn it around is a policy to orient and coordinate the efforts of the three governmental levels (federal, state, and municipal), together with the Legislative and Judicial branches, the private sector, and civil society.


“What is being sought is social equality, greater administrative efficiency, expansion of citizenship, environmental sustentability, and answers to the questions of the rights of the most vulnerable segments of the population, namely children and adolescents, the elderly, the handicapped, women, blacks, and Indians,” Dutra declared.


He opened the seminar in the company of the Minister of National Integration, Ciro Gomes.


Investment


At the end of last month, Dutra, affirmed that Brazil will have to spend US$ 6.9 billion (R$ 20 billion) annually over the next two decades to eliminate the country’s housing shortage.


The Minister was in Porto Alegre to inaugurate another Residential Lease Program (PAR) housing complex. Dutra announced that 478 thousand new housing units will be handed over this year and that the government expects to invest US$ 4.5 billion (13 billion reais).


Over 8 thousand people whose family income is less than six minimum wages signed up for the PAR selection process. The monthly lease paid by the future occupants amounts to US$ 85.30 (245 reais), plus an administration fee. At the end of 15 years, the family receives the deed to the residence.


The PAR is a residential lease plan for families that earn between three and six minimum wages and do not own their own homes. The aim is the construction of homes or the purchase of homes that are under construction or in need of refurbishment.


Agência Brasil

Tags:

  • Show Comments (1)

  • Guest

    Jessica
    Add more information about what their housing is like in Brazil.

    Thank You,

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

Brazil to Use 38,000 Poor Families to Produce Biofuel

This month Brazil will inaugurate the use of biodiesel, a mixture of vegetable oils ...

August 1993

CONTENTS: Cover: We Can do It! Giant Brazil is no lost case (p. 7) ...

Brazil Efforts to End Slavery Not Enough, Says the US

The US State Department in its annual Trafficking in Person report concludes that many ...

Brazil and UK Sign Agreements on Health, Poverty and Ecology

On the second day of his State visit to the United Kingdom, this Wednesday, ...

Brazilian President in Uruguay in Effort to Strengthen Mercosur

Brazilian president Dilma Rousseff went this Monday, May 30, to Montevideo, capital of Uruguay, ...

Brazil’s Vote-Buying Scandal Still Impacting Stocks

Latin American stocks were mixed to higher on the day, with Brazilian stocks posting ...

Brazil Creates World’s Third Largest Bourse, the US$ 20 Billion BM&F Bovespa

Cade (Administrative Council for Economic Defense), the Brazilian antitrust authority, approved the merger between ...

Brazil: The Media Is Not Beyond Suspicion

With the inevitable outcome, it is safe to say that the Federal Council of ...

Chí¡vez Declares in Brazil that Neoliberalism Is Dead in LatAm

The president of Brazil, Luiz Inácio Lula da Silva, said today, January 19, at ...

Wanna Buy Cheap Land in Brazil?

The Internet has plenty of offers for those willing to buy a piece of ...