Minha Casa Minha Vida Explained
The ambitious Brazilian social housing programme, Minha Casa Minha Vida aims to build 3 million homes by the end of 2014 and reduce the housing shortfall for low-income Brazilians by almost 40%. Homes are targeted at Brazilians earning between 0 and 10 times the minimum monthly wage (currently R$510). Qualifying families of the new Minha Casa Minha Vida homes receive highly-preferential mortgages and tax exemptions or reductions. The Minha Casa Minha Vida programme has been hugely successful and is heavily over-subscribed.
With a government budget of R$105.7 billion, Minha Casa Minha Vida is solely financed by the government-owned Caixa bank. The largest public bank in Latin America, Caixa provides both funds for developers of Minha Casa Minha Vida projects and mortgages for homeowners.
Since January 2010, Obelisk International has property investments totalling €100 million (3,000 social housing units) under construction and management in the Minha Casa Minha Vida scheme. These represent 5.2% of the total Minha Casa Minha Vida allocation (57,500 homes) for the region of Rio Grande do Norte.
Obelisk International's latest Minha Casa Minha Vida Investment
With a minimum investment of £100,000 and returns fixed through contract, Obelisk International's latest opportunity to participate in the Brazilian social housing programme, Minha Casa Minha Vida offers 75% profit after two years, with full capital returned after ONLY 12 months.
To download the project details for Obelisk International's latest Minha Casa Minha Vida property investment, please visit: www.obeliskinternational.com.
Alternatively, Obelisk International has just launched a Minha Casa Minha Vida website, please visit: www.minhacasaminhavidainvestment.com for comprehensive information on the programme.
