My Home, My Life returns in full force in 2023.

BRASILIA (Reuters) - Brazil's new Minister of Cities, Jader Barbalho Filho, announced on Tuesday that his team will begin working "immediately" on a reconstruction of the Minha Casa Minha Vida (My House, My Life) housing program and that there will be no limitations on private investment in sanitation.

In a packed auditorium, attended by prominent figures from the MDB party, such as José Sarney, who had earlier been at the inauguration of the Minister of Transport, Renan Calheiros Filho, Jader Filho stated that "we need to rebuild almost everything in this ministry, starting with the 'Minha Casa Minha Vida' program."

The housing program has slowed down in recent years, with a number of construction companies opting to reduce launches in the segment due to the low attractiveness of projects amid rising interest rates, inflation, and falling incomes. The latest changes occurred in the second half of last year and included an increase in the income range of families served.

The minister stated during the ceremony that Brazil has a housing deficit of 5,9 million homes and that the Minha Casa Minha Vida program, created in 2009, had contracted 4,2 million residences by 2016. The program was replaced in Jair Bolsonaro's government in 2020 by Casa Verde e Amarela, but it did not take off.

According to Jader Barbalho Filho, the Minha Casa Minha Vida program has "10 billion reais" secured for 2023.

The minister also stated that while the federal government will not "limit private investment in sanitation," it will act in poorer areas where there is no interest from the private sector in investing. "We will move forward wherever we can on the issue of basic sanitation... Today there are about 1.200 municipalities where there is no sanitation coming from the private sector, nor from the public sector."

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