House own

Government's package will benefit those who earn less leverage and jobs in construction

Rio - The federal government will launch this month a package of measures to encourage the purchase and maintenance of buildings and create jobs in the country since the civil sector of the construction is one that creates more waves. The focus of the program - the National Action Plan for Housing (PlanHab) - is the group of families with monthly income of up to five minimum wages (U.S. $ 2,075). For this group, there will be the adoption of a special insurance that will cover the benefits in case the borrower lose his job.

According to the Minister of Cities, Marcio Fortes, the measures will help eliminate the Brazilian housing deficit until 2023 and also to stimulate the economy in time of international crisis. In addition, the government may expand by up to U.S. $ 900 million - from U.S. $ 1.6 billion to $ 2.5 billion - the value of the subsidy (contribution) FGTS (Guarantee Fund Weather Service) to purchase the home for families with incomes of up to $ 2,075.

The idea is to pass the low-income gains that FGTS get in applications for government securities. Currently, 50% of income are converted into grant. With the deployment of PlanHab, the percentage jumps to 80% of revenues. The amount still will have resources, grants, the budget of the Union, which are still being defined by the Ministry of Finance.

Under the plan, the low income households have access to "salary letter" (as is called the benefit) rather than letter of credit (definition used by all financial actors). Based on studies of the Caixa Econômica Federal, the family that spends almost pay to rent. The aim is to supply around U.S. $ 200. The forecast of the Ministry of Cities to benefit 12.5 million families with the new model.

Yesterday, the Fund issued in the 'Official Gazette of the Union', the 2009 Budget FGTS. In the document, the housing allowance in the funding of low income reaches R $ 1.6 billion.

Most resources will be for those who receive up to $ 760 and another portion, for families with income of $ 761 to U.S. $ 1875 - also winning track with a reduction in the interest of 6% to 5% per year more TR (Referential Rate) . Already the $ 900 million extra for the full subsidy would range from higher income, that could be extended for up to $ 2,075.

INSURANCE IN CASE OF UNEMPLOYMENT of the borrower

To enable the new type of real estate financing, the federal government considers a guarantor fund - claim of financial institutions. Furthermore, the Abecip (Brazilian Association of Real Estate Credit and Savings) sent to the House Civil most proposals to maintain the pace of granting credit to purchase the property. The idea of the fund is to avoid default, since, if the borrower becomes unemployed, he may have a grace period. The model is used in countries like Spain and Mexico.

"In Spain, workers who lose their jobs is up to six months to get another job. In this case, benefits will be added to the open balance due. In Mexico, the period is 1 year, "says the chairman of the union of the construction industry in the State of Rio de Janeiro (Rio-Sinduscon), Roberto Kauffmann.

To have access to insurance, the borrower will pay additional value to the share of funding. Another study is the extent Insurance Performance, which will act as a supplementary guarantee to return the amounts received, in case of breach of construction, as with the Encol, which left thousands of borrowers without property.

Another proposal of Abecip provides for deduction of interest paid to finance the house in the statement of Income Tax of Individual. Currently, taxpayers can deduct only the cost of RT with dependents, education, health and welfare. With the incentive in the IR, the construction sector expects more Brazilians make the claim. But the novelty depends on government approval and can be put into practice only in the settling of accounts with the Lions in 2010.

Total resources of R $ 50 bi

The house budget for this year should reach U.S. $ 50 billion, adding resources of the savings account and FGTS. Highlights the second president of the union of the construction industry in the State of Rio (Sinduscon-Rio), Roberto Kauffmann, the goal is to benefit low income. He points out that last year was considered "gold" for the sector, closing at R $ 45 billion, he calculates.

"That never happened in the country is logical that if it had the global financial crisis, the amount would be even greater. Evidence that the number is brilliant is that in the last year of the Fernando Henrique, was used only $ 1.8 billion of savings in financing the house, "recalls.

President of Caixa Economica Federal, Maria Fernanda Ramos Coelho said that in 2008, the bank has achieved its best performance in the real estate credit in 30 years. The institution released R $ 22.8 billion. This year, the forecast is even more daring: U.S. $ 26 billion and U.S. $ 27 billion.

The Box is one of the institutions that have the best interest and time to purchase the property. The bank also reduced rates for families that receive between $ 1,875 and R $ 2 thousand, from 8.16% to 7.16% per annum. FGTS for quota, the percentage is lower - 6.6% per year more TR. In this case, we have linked account for at least three years.



Source: The Day

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