The rare successful government supported housing scheme

Ankur Sohanpal | March 21st, 2013, 10:39 am

Brazil has implemented its MCMV (Minha Casa Minha Vida – My House My Life) scheme which has helped many low income earners secure their own houses – houses which are of a superiority quality. Subsidies to mortgages are provided in proportion to the level of poverty. The funding comes from a workers’ compensation scheme and the federal budget. Read more here. The Brazilian Government is not letting anything – including an economic slowdown or the World Cup or the Olympics get in the way of facilitating easy purchase of homes for the poor in cities. Read more here.