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Brazil’s New Government Cuts Resources for Housing Program

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The new Cities Minister in Brazil, Bruno Araujo, revoked on Tuesday (May 17th) a government order that would allow state-run bank, Caixa Economica, to authorize the construction of up to 11,000 new housing units under the entities modal of the Minha Casa, Minha Vida (My Home, My Life) housing program. The order had been signed by the Rousseff administration only days before President Rousseff was suspended from office.

According to the Ministry, the annulment of the directive was ordered as a cautionary measure. “From now on technical teams . . .

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