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An incredibly ambitious program for social housing Minha Casa Minha Vida, also known as My House, My Life, has become one of the biggest Brazilian property investments. The main point of Minha Casa Minha Vida is to give Brazilian families with low incomes the ability to buy their own home.

By allowing these families to buy their own home, investors provide these families with a sense of satisfaction and a roof over their head, and are able to benefit from it as well. Investing in Minha Casa Minha Vida has all-around benefit because the labor necessary to fund this project is employing people and businesses in the area are receiving more customers.

At Least Three Million New Homes for Brazilian Families by 2014

Minha Casa Minha Vida’s primary funder, Caixa Economica Federal bank, consistently provides funds for the developers of social housing projects as well as mortgages for qualifying families. The Caixa Economica Federal bank allows qualifying families of homes through Minha Casa Minha Vida and allows under privileged families in Brazil to receive preferential mortgages as well as tax reductions and exemptions.

In addition, Minha Casa Minha Vida program seeks to decrease the housing shortfall for Brazilian families in need by over 40%. The main financing for the Minha Casa Minha Vida program is administered through the Brazilian government and Caixa Economica Federal. Caixa Economica Federal bank is the biggest public bank of Latin America. Caixa also leads the mortgage market in Brazil.

Brazil has a government budget of an average $100.6 billion, and Minha Casa Minha Vida, is aiming to build at the very least three million new homes for families with a low income in Brazil. This program is set to be completed at the end of 2014. The goal to contract at least 1 million homes for the first phase of the generous Minha Casa Minha Vida program has already been met. The second phase of Minha Casa Minha Vida was launched in June 2011 and strives to read 2 million homes for under privileged Brazilians.