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Brazil’s CMN Lowers Reforma Casa Brasil Rate to 0.82% and Extends Term to 72 Months

The move is designed to lower monthly bills for Minha Casa Minha Vida households using budgeted Social Fund resources.

Overview

  • The CMN, in an extraordinary meeting Tuesday, approved a rule that trims the monthly rate to 0.82% and stretches repayment from 60 to 72 months.
  • The resolution takes effect upon its publication in the Diário Oficial da União.
  • Funding comes from the Social Fund with Caixa Econômica Federal running the program, and the government cites R$24.8 billion budgeted for 2026 plus R$10.7 billion committed in 2025 and R$2 billion already under Caixa’s operation.
  • The credit line serves families earning up to R$9,600 a month, offers loans of roughly R$5,000 to R$30,000, and now links income thresholds to Ministry of Cities updates.
  • The Finance Ministry estimates an implicit subsidy of about R$567 million and expects the change to lift jobs and income in construction.