Palmério Dória laments "My House, My Life program coming to an end"
"May, the month of brides and mothers, is approaching, and the 'My House, My Life' program is coming to an end. The dream of homeownership is becoming unattainable for both adults and children. Even 'more mature markets and large companies' in São Paulo fear the impact of this 'flying cockroach' on the government. Congratulations to those involved," stated journalist Palmério Dória.
247 Journalist and writer Palmério Dória lamented the risk of work being halted on the "Minha Casa Minha Vida" (My House, My Life) program due to delays in government payments to construction companies.
"May, the month of brides and mothers, is approaching, and the 'My House, My Life' program is coming to an end. The dream of homeownership is becoming unattainable for both adults and children. Even 'more mature markets and large companies' in São Paulo fear the impact of this 'flying cockroach' on the government. Congratulations to those involved," he said on Twitter.
The government released an additional R$ 800 million for the housing program, aiming to help cover R$ 550 million in overdue payments, but this does not eliminate uncertainties for projects starting in June.
According to a reporter According to an article by Danielle Brant and Anaïs Fernandes, published in the Folha de S.Paulo newspaper, "the release of supplementary funds occurred after pressure from construction companies, mainly those operating in the first income bracket of the program, intended for families with incomes up to R$ 1.800 per month. In this segment, 90% of the property value is subsidized with resources from the Budget, through the FAR (Residential Leasing Fund)."
May, the month of brides and mothers, is approaching, and the "Minha Casa Minha Vida" (My House, My Life) program is coming to an end. The dream of homeownership is becoming unattainable for both adults and children. Even "more mature markets and large companies" in São Paulo fear the impact of this "barata voo" (a Brazilian slang term for a chaotic situation) on the government. Congratulations to those involved.
— Palmério Dória (@palmeriodoria) April 20th 2019