Budget and rules of Minha Casa Minha Vida and FGTS housing funding, which set the subsidy, income tiers and funding for low-income homebuilders.
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The FGTS Board of Trustees raised the year's housing subsidy by R$ 500 million on September 10, 2026, to R$ 13 billion, per Agência Brasil and the Labour Ministry.
Updated November 14, 2026 · 4 verified articles
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Changes in subsidy and tiers move sales and margins at Tenda, Cury, Direcional and MRV and Caixa's origination.
Explanatory mechanism, not a forecast or recommendation.Caixa's housing vice president Inês Magalhães said the bank is studying raising mortgage rates, with no decision made; the finance vice president said that, without a rise, the bank would have to cut lending volume.
Direcional reported on October 14 operating cash generation of R$ 228 million in the third quarter of 2026, according to Money Times, InfoMoney and CNN Brasil. The figure comes from the homebuilder's operating preview.
MRV reported in its third-quarter operating preview group cash generation of R$ 456 million, helped by asset sales in the US. Net sales totaled R$ 3 billion, up 29.6%, and the average price per apartment sold rose 3.1% to R$ 276 thousand.
The FGTS Board of Trustees approved on September 10, at its 207th ordinary meeting, a R$ 500 million supplement to the 2026 housing-subsidy budget, from R$ 12.5 billion to R$ 13 billion, at the Ministry of Cities' request, for tiers 1 and 2 of Minha Casa Minha Vida; projected actual use is R$ 12.6 billion and the top-up gives room to shift funds between financial agents at year-end.