Created in 2009 during Lula's second presidential term, the program offers federal subsidies for home ownership, boosting works carried out by homebuilders such as MRV and Tenda . Costa also said that the president would visit the state of Sergipe on Feb. 15 to resume a highways program. (Reporting by Marcela Ayres; editing by Grant McCool)
BRASILIA, Feb 5 (Reuters) - Brazilian President Luiz
Inacio Lula da Silva will this month restart the federal housing
program "Minha Casa, Minha Vida" for lower income people, his
chief of staff said on Sunday.
Rui Costa said on TV GloboNews that the announcement will be
made on Feb. 14 in Bahia state as part of several trips by the
leftist president until March to initiate programs that boost
the economy and quickly benefit the population.
The focus of the housing program, which means "my home, my
life", would be on the resumption of unfinished works and on one
that involves greater government subsidy, Costa said.
According to Costa, the program had been "extinct" under the
administration of former President Jair Bolsonaro. Now, around
120,000 unfinished units will be resumed, he said.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.