O Green and Yellow House Program was created by the Federal Government and aims to meet the housing demands of the low- and middle-income population. So, check now what are the requirements to participate in the program and have the chance to acquire your own home.
Read more: Brazil Aid: Registered families will benefit from new amounts
see more
Decreasing children's screen time: promote a lifestyle…
Toxicity Alert! Dyed clothes can make you sick for THIS
The program aims at building new homes and regularizing existing properties. As for financing, it is done according to the income range of each family. In this sense, interest rates are below market and also more flexible.
According to data released by the government, Casa Verde e Amarela delivered approximately 1.2 million homes in the period between 2019 and October 2021. Thus, the goal is to reach 1.6 million loans, regularize 2 million properties and implement 400,000 improvements by the year 2024.
Caixa Econômica Federal is responsible for the transfers of the program. In this sense, to adhere to the financing, it is necessary to follow some procedures, so check out what they are:
According to the program, participants have up to 30 years to pay off their own home. Regarding interest, families with a monthly income of up to R$ 2,000 have interest at 4.5% per year, while the subsidy can reach up to R$ 47,500.00.
On the other hand, families that earn between R$ 2000.01 and R$ 4 thousand have interest of 5.25% per year and the amount of the subsidy is up to R$ 29 thousand. In addition, residents of the Northeast and North regions have a reduction in the rate, which can be up to 4.25% per year, and the property price limit is also higher.
