Minha Casa Minha Vida

Minha Casa Minha Vida

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PROGRAMA MINHA CASA MINHA VIDA - PMCMV

• The Minha Casa Minha Vida (MCMV) Program was established in 2009 with the following objectives:  Accelerate the economic growth  Reduce the Brazilian Housing Deficit  Stimulate the generation of employment and incomes  Social inclusion and better income distribution

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PROGRAMA MINHA CASA MINHA VIDA - PMCMV

Targets x House units contracted

2.750.000 1.954.700

Realizado 2011- set2013

PROGRAMA MINHA CASA MINHA VIDA - PMCMV

•

Target Audience:

INCOME BRACKET

AREA URBAN

COUNTRYSIDE

1

UNTIL R$ 1.600 / MONTH

UNTIL R$ 15.000 / YEAR

2

R$ 1.600 - R$ 3.275 / MONTH

R$ 15.000 - R$ 30.000 / YEAR

HOUSING VALUE

SUBSIDY

UNTIL R$ 76.000 UNTIL R$ 73.000 (*) UNTIL R$ 190.000 UNTIL R$ 25.000

3

R$ 3.2750 - R$ 5.000 / MONTH

R$ 30.000 - R$ 60.000 / YEAR

(*) Can reach R$ 76.000 in case of families resettled due to works related to PAC or in case of loosing the only family house caused by public calamity or state for emergency.

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MINHA CASA MINHA VIDA – FAR - BRACKET 1 •

In Bracket 1, the Minha Casa Minha Vida Program is executed by a fund named Fundo de Arrendamento Residencial -FAR, whose operation is shown below:

CONSTRUCTION OF HOUSING UNITS

PURCHASE OF FUNDS QUOTAS

BRAZILIAN FEDERAL RESOURCES

BUILDING COMPANY

FAR MONTHLY PAYMENT (120 MONTHS) 5% OF THE FAMILY INCOMINGS (MINIMUN OF R$ 25)

M. CIDADES CITY / STATE

SELECTION

CONCLUSION

ECONOMIC SUBSIDY ALONG 120 MONTHS Maximum Value: R$ 73.000

BENEFICIARY FAMILY Legal referency: Lei11.977/2009 (law) Portaria Interministerial 477/2013 (ordinance) 5

MINHA CASA MINHA VIDA – FGTS - BRACKET 2 •

In Bracket 2, the Minha Casa Minha Vida Programa is executed through a program named Programa Nacional Habitação Urbana - PNHU, whose operation is shown below: BENEFICIARY FAMILY

UNIÃO

17,5 %

SUBSIDY UNTIL R$ 25.000

FINANCING

HOUSING UNTIL R$ 190.000

NEW HOUSE OR RENOVATED MONTH PAYMENT

BUILDING COMPANIES

FGTS (*)

82,5 %

The Guarantee Fund for Length of Service (FGTS), is a fund, accounting, made up of compulsory deposits in individual accounts

BANKS (FINANCIAL AGENT)

Legal Reference: Lei 11.977/2009 Portaria Interministerial 409/2011 Resolução CCFGTS 702/2013 6

PMCMV - PAYMENTS IN PIB % AND TOTAL REVENUE •

The application of resources through the Federal Budget reached R$ 11.25 billion in 2012 (0.26% of GDP), an increase of approximately 46% compared to 2011. In 2013, were invested R$ 10 billion until August, which represents 0.32% of GDP realized.

Payments in percentage of GDP and da Total Revenue

R$ million PMCMV

YEAR 2009 2010 2011 2012 2013*

GDP 3.239.404 3.770.085 4.143.013 4.402.537 3.121.096

REVENUE 739.304 919.773 990.406 1.062.206 747.773

Payments R$ milhões 1.572 1.572 7.712 11.252 10.114

% GDP % Revenue 0,05% 0,04% 0,19% 0,26% 0,32%

0,21% 0,17% 0,78% 1,06% 1,35%

Fonte: Siafi Gerencial. *Data until August/13

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MCMV - PAYMENTS IN PERCENTAGE OF THE GDP

% GDP

Minha Casa Minha Vida - PMCMV Program Payments in percentage of GDP

0,32% 0,26% 0,19% 0,05%

0,04%

2009

2010

2011

2012

2013*

Source: Siafi; Bacen. (*) Until August-13

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MCMV - PAYMENTS IN PERCENTAGE OF THE REVENUE

% Revenue

Programa Minha Casa Minha Vida - PMCMV Payments in percentage of Revenue

1,46% 0,78% 0,21%

0,17%

2009

2010

2011

1,06%

2012

2013*

Source: Siafi; Bacen, Resultado Tesouro Nacional (*) until August-13

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FINANCIAMENTO HABITACIONAL BRASILEIRO The hiring of housing finance for the acquisition and construction of housing units amounted, in 2012, R$ 76.53 billion, representing 1.74% of GDP. The average annual growth observed since 2007 is approx. 35%, which represents a strong advance in the period.

HOUSING FINANCING 100.000

1,81%

MCMV

90.000

Value (R$ million)

•

80.000

1,74%

1,80% 75.105

1,43%

76.529

70.000 0,96%

1,02%

1,20%

54.078

50.000

1,00% 0,66% 28.896

30.000 20.000

1,60% 1,40%

60.000

40.000

2,00%

0,80%

32.955

0,60%

17.622

0,40%

10.000

0,20%

-

0,00% 2007

2008

2009 VALUE (R$ million)

2010

2011

2012

% GDP

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BRAZILIAN HOUSING FINANCING

•

In the last 12 months, from July 2012 to June 2013 were granted new housing loans amounting to R$ 89.65 billion (461,149 units), compared with U.S. $ 74.57 billion (441.206 units) between July 2011 and June 2012, representing an increase of 20%.

HOUSING FINANCING

HOUSING FINANCING 100.000

2012 2013 VARIAÇÃO ( Jul/11 - Jun/12) ( Jul/12 - Jun/13) VALUE (R$ MILLION) HOUSING UNITS

74.570

89.649

20,22%

441.206

461.149

4,52%

89.649

90.000 80.000

20,22% 74.570

70.000 60.000 50.000

Source: Central Bank

2012 ( Jul/11 - Jun/12)

2013 ( Jul/12 - Jun/13) VALUE (R$ MILLION)

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FINANCIAMENTO HABITACIONAL BRASILEIRO •

Investments in housing loans increased from R$ 277 billion in 2009 (6.4% of GDP) to R$ 542 billion in 2012 (9.3% of GDP), an increase of 96% in the period.

96%

USES OF SBPE + FGTS Value (R$ million)

600.000

9,3%

MCMV

500.000

8,1% 6,9%

6,4% 400.000 300.000

4,2%

4,1%

4,6%

4,9%

99.437

109.525

100.000 71.720

78.871

125.501 90.477

157.623

410.969

277.149

108.481

129.276

27.717

30.654

35.024

49.143

55.499

2003

2004

2005

2006

2007

63.494 2008

5,5% 4,5%

335.951

3,5%

260.133 165.602

8,5% 7,5%

445.616

343.589

184.775

9,5%

6,5%

229.096

200.000

-

4,2%

5,5%

542.169

2,5%

206.201

1,5% 70.949

83.456

109.665

131.200

0,5% -0,5%

FGTS

2009 SBPE

2010

2011

2012

%PIB

Source:Central Bank, FGTS Financial Statements SBPE - Brazilian System of Savings and Loans - resources from savings of Brazilian Residents which are used, mainly, in mortgages 13

MÃO DE OBRA EMPREGADA NA CONSTRUÇÃO DE EDIFÍCIOS •

The labor employed in the construction of buildings reached approx. of 960,000 workers in December 2011, representing an average growth of 12% per year.

Labor employed in 31/dec (Person) Activity

41 Building construction - total

2007

2008

2009

2010

2011

612.077

708.428

844.366

950.043

962.859

15,7%

19,2%

12,5%

1,3%

% Growth Source: PAIC - IBGE

Building Construction - Labor employed 1.200.000

1,3%

12,5%

19,2% 1.000.000

15,7%

800.000

950.043

962.859

2010

2011

844.366 708.428

612.077 600.000 400.000 200.000 2007

2008

2009

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BRAZILIAN HOUSING DEFICIT

•

The indicators show that in the period 2007-2011 there was an improvement in the housing deficit in both nominal and absolute. In nominal terms, there was a 1.2% down in the period (10% in 2007 to 8.8% in 2011). In absolute terms the housing deficit amounted to approximately 5.4 million households.

2007

2008

2009

2011

Housing Units

55.918.038

57.703.161

58.684.603

61.470.054

Housing Deficit

5.593.191

5.191.565

5.703.003

5.409.210

Housing Deficit (%)

10,0%

9,0%

9,7%

8,8%

Source: IPEA - Nota Técnica Estimativas Déficit Habitacional Brasileiro

Brazilian Housing Deficit 5.800.000 5.700.000 5.600.000

MCMV 10,2%

5.703.003

10,0%

10,0%

9,7%

5.593.191

9,8% 9,6%

5.500.000

5.409.210 9,0%

5.400.000

9,4% 9,2% 9,0%

5.300.000 5.191.565

5.200.000

8,8%

8,8% 8,6%

5.100.000

8,4%

5.000.000

Housing Deficit Concept: Precarious Housing Family cohabitation Excessive burdens on rent (greater than or equal to 30% of household income)

8,2%

4.900.000

8,0% 2007

2008

2009

Housing Deficit

Housing Deficit (%)

2011

Increased density residences leased

in

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DÉFICIT HABITACIONAL BRASILEIRO •

Indices by region indicate that, in relative terms, there is a strong concentration of the deficit in the North (13.1% in 2011) and Northeast (11.6% in 2011). The Northeast region showed the largest drop in relative terms (2 pp - 13.6% in 2007 to 11.6% in 2011). In absolute terms, the greatest reduction was observed in the Southeast, approx. 150,000 households (2.1 million in 2007 to 1.94 million in 2011).

YEAR

INDICATOR Déficit

2007

Housing % Déficit

2008

Housing % Déficit

2009

Housing % Déficit

2011

Housing %

NORTH

NORTHEAST

SOUTHEAST

SOUTH

MIDWEST

TOTAL

566.936

1.940.186

2.096.832

614.942

374.295

5.593.191

3.941.627

14.285.416

24.756.912

8.696.707

4.237.376

55.918.038

13,6%

8,5%

7,1%

8,8%

14,4%

10,0%

527.106

1.802.126

1.914.668

551.933

395.732

5.191.565

4.152.870

14.829.753

25.454.370

8.929.300

4.336.868

57.703.161

12,2%

7,5%

6,2%

9,1%

12,7%

9,0%

597.274

1.924.206

2.128.617

574.649

478.257

5.703.003

4.246.017

15.158.312

25.870.833

8.984.749

4.424.692

58.684.603

12,7%

8,2%

6,4%

14,1%

10,8%

9,7%

583.941

1.853.445

1.944.483

569.554

457.787

5.409.210

4.468.455

16.023.391

26.922.082

9.318.984

4.737.142

61.470.054

11,6%

7,2%

6,1%

9,7%

13,1%

8,8%

Source: IPEA, PNAD - IBGE

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DÉFICIT HABITACIONAL BRASILEIRO - DADOS POR REGIÃO

Housing Deficit by Region- % 16,0%

14,4%

Norte

14,1%

Nordeste 12,0%

6,0%

12,7%

13,6% 8,8% Centro-Oeste

10,0% 8,0%

13,1%

12,7%

14,0%

Sudeste

Sul

12,2%

11,6%

10,8%

9,1%

9,7%

8,2%

8,5%

7,5% 7,2%

7,1%

6,2%

6,4%

6,1%

4,0% 2,0% 0,0% 2007

2008 NORTH

NORTHEAST

2009 SOUTHEAST

SOUTH

2011 MIDWEST

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DÉFICIT HABITACIONAL BRASILEIRO - DADOS POR REGIÃO

Housing Deficit by Region- Units 1.000.000

2.096.832

SOUTHEAST

1.914.668

900.000 800.000

1.924.206 1.940.186

NORTHEAST

700.000

600.000 500.000 400.000 300.000

1.944.483

2.000.000

1.853.445

1.800.000

1.802.126

1.600.000

566.936

SOUTH

2.200.000

2.128.617

597.274

1.400.000 583.941

527.106

NORTH

614.942

551.933 395.732

374.295

574.649 478.257

1.200.000

569.554

1.000.000

457.787

800.000 600.000

MIDWEST

400.000

2007

2008 NORTH

SOUTH

2009 MIDWEST

NORTHEAST

2011 SOUTHEAST

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• •

References: Lei nº 11.977, de 7 de julho de 2009 - Programa Minha Casa Minha Vida <avaible in www.planalto.gov.br>

•

Decreto nº 11.977, de 7 de julho de 2009 - PMCMV <avaible in www.planalto.gov.br>

•

Program for Acceleration Growth balances <avaible in www.pac.gov.br>

•

Housing Financial System(SFH) demonstrations <avaible in www.bcb.gov.br>

•

FGTS financial statements <avaible in www.fgts.gov.br>

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Thank You !

Hailton Madureira de Almeida Coordenador-Geral da COAPI Tesouro Nacional / MinistĂŠrio da Fazenda hailton.almeida@fazenda.gov.br +55 (61) 3412-1468

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