The FGTS Board of Trustees meets this Thursday to analyze the expansion of subsidized resources for the Minha Casa Minha Vida program. At the request of the Ministry of Cities, the board is expected to approve an additional R$ 500 million on top of the R$ 12.5 billion already released this year, totaling R$ 13 billion in resources. The money is transferred as non-reimbursable funds, meaning there is no reimbursement from the beneficiaries.
If the approval is confirmed, it will be the highest amount ever destined for the program without return to the FGTS, happening on the eve of the elections. The resources are used to offer discounts on housing contracts for families classified in Brackets 1 and 2 of the program, which have income up to R$ 5,000. The subsidy amount per family can reach up to R$ 55,000.
To expand the FGTS's availability, the trustees are also expected to approve a redemption of R$ 4.5 billion from the infrastructure fund (FI-FGTS), referring to the return from old projects. The text indicates that the Board should discuss measures to unblock sanitation and infrastructure works with resources from the Fund, although the information is incomplete in the article.
