Clipping of news on Brazilian Culture, Law and Citizenship
07/11/2014
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Properties of "My House, My Life" in Rio: more contracts
The federal government published on Thursday in the Official Gazette, Provisional Measure (MP) 651, which extends from 1.4 million to two million the maximum number of building contracts that can benefit from the Guarantee Fund for Popular Housing (FGHab). The goal is to give more security to those who have funding for "My House, My Life 2", with resources of the Guarantee Fund for Length of Service (FGTS).
According to the CEF, the FGHab guarantee to a bank for payment of the monthly installment of housing loan owed by the borrower in the event of unemployment or temporary reduction of his ability to pay the installment. In case of death or permanent disability, the FGHab assumes the entire outstanding balance. The fund is for families with income up to R$ 5000 and contracts under the Housing Finance System (SFH).
The same MP also contained incentives for the productive sector and the development of the capital market. Most actions had already been announced, but still was not regulated. Among them is the recreation of Reintegra program, which gives exporters a credit of PIS / COFINS.
Read more: http://extra.globo.com/noticias/economia/medida-provisoria-garante-mais-contratos-para-habitacao-popular-13214173.html#ixzz37AWw68iO
Source: Extra - Online
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This article was translated by an automatic translation system, and was therefore not reviewed by people.