IBOV 176,317 ▲ 2.07% IPSA 11,025 ▲ 0.72% IPC MEX 66,392 ▲ 0.43% MERVAL 3,217,040 ▼ 0.22% COLCAP 2,289.96 ▼ 0.12% BVL PERÚ 56,194.27 ▲ 0.42% USD/BRL5.11▼ 0.10% USD/MXN17.51▼ 0.21% USD/CLP924.68▼ 0.32% USD/COP3,244▼ 2.95% USD/PEN3.39▼ 0.23% USD/ARS1,487▼ 0.03% USD/UYU40.22▲ 1.20% USD/PYG6,055▲ 1.53% USD/BOB10.14▲ 4.01% USD/DOP58.48▼ 0.12% USD/CRC448.82▲ 1.40% USD/GTQ7.63▲ 2.28% USD/HNL26.72▲ 1.50% USD/NIO36.62▲ 0.26% USD/VES707.92▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD158.07▲ 0.80% USD/TTD6.75▲ 1.32% EUR/BRL5.84▼ 0.94% BRENT 76.06 ▼ 0.31% WTI 71.66 ▼ 0.58% IRON ORE 161.91 — — COPPER 6.28 ▲ 0.99% GOLD 4,107 ▼ 0.57% SILVER 60.07 ▼ 0.51% SOY 1,181 ▲ 0.13% CORN 452.75 ▲ 5.84% WHEAT 641.00 ▲ 4.87% COFFEE 322.20 ▼ 9.74% SUGAR 14.79 ▼ 2.18% ORANGE JUICE 145.60 ▼ 2.87% COTTON 80.08 ▲ 5.15% COCOA 5,917 ▼ 6.21% BEEF 231.70 ▼ 1.51% CATTLE 358.15 ▲ 0.56% LITHIUM 72.33 ▼ 0.67% PETR4 39.55 ▲ 0.87% VALE3 74.08 ▲ 1.27% ITUB4 43.58 ▲ 2.32% BBDC4 18.48 ▲ 2.67% ABEV3 15.76 ▲ 0.25% BBAS3 20.39 ▲ 1.95% B3SA3 15.31 ▲ 3.52% WEGE3 46.37 ▲ 1.38% PRIO3 55.63 ▲ 0.04% SUZB3 41.63 ▲ 1.46% RENT3 40.86 ▲ 3.71% AZZA3 18.99 ▲ 2.87% CSAN3 3.94 ▲ 2.07% RAIZ4 0.36 ▼ 2.70% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.29 ▲ 1.76% CVCB3 1.27 ▲ 1.60% POSI3 3.92 ▲ 1.82% SLCE3 13.89 ▲ 0.73% NATU3 8.48 ▲ 0.24% BRKM5 6.48 ▲ 1.89% RANI3 7.97 ▲ 1.40% CSNA3 4.98 ▲ 3.75% CMIN3 5.03 ▲ 4.14% USIM5 8.32 ▼ 0.36% GGBR4 22.90 ▲ 1.87% ENEV3 26.90 ▲ 2.67% CPFE3 47.16 ▲ 1.88% CMIG4 11.30 ▲ 1.99% EQTL3 40.63 ▲ 2.83% LREN3 14.65 ▲ 3.53% VIVT3 35.27 ▲ 2.23% RAIL3 14.01 ▲ 1.89% KLABIN 17.59 ▲ 1.09% RAIA DROGASIL 18.48 ▲ 1.93% RDOR3 35.99 ▲ 2.39% HAPV3 10.44 ▲ 3.67% FLRY3 16.11 ▲ 2.29% SMTO3 16.06 ▲ 0.06% UGPA3 30.83 ▲ 2.43% VBBR3 32.73 ▲ 1.96% BBSE3 39.82 ▲ 1.37% BPAC11 57.48 ▲ 3.23% CURY3 33.92 ▲ 3.73% AERI3 2.09 ▲ 1.46% VIVARA 23.09 ▲ 2.26% COMPASS 24.95 ▲ 1.09% VAMOS 3.05 ▲ 3.04% SANB11 26.96 ▲ 2.70% ASAI3 8.87 ▲ 4.85% SBSP3 30.88 ▲ 2.93% WALMEX 49.28 ▲ 0.53% GMEXICO 195.91 ▲ 0.29% FEMSA 223.77 ▲ 0.63% CEMEX 21.94 ▲ 1.06% GFNORTE 187.62 ▲ 1.22% BIMBO 56.27 ▲ 0.61% TELEVISA 9.55 ▲ 0.63% AMX 22.84 ▲ 0.88% GAP 406.40 ▼ 1.77% ASUR 282.10 ▼ 0.53% OMA 235.53 ▼ 1.04% KOF 181.11 ▲ 0.12% GRUMA 284.19 ▲ 0.67% KIMBER 38.33 ▼ 0.29% SQM-B 69,045 ▼ 0.08% COPEC 6,020 — 0.00% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,812 ▼ 0.67% ENELAM 84.16 — 0.00% CENCOSUD 2,074 ▲ 0.85% CMPC 1,095 ▲ 1.47% BANCO CHILE 188.00 ▲ 0.53% LATAM AIR 26.40 — 0.00% YPF 74,550 ▼ 1.62% GGAL 8,000 ▲ 1.52% PAMPA 5,200 ▼ 0.10% TXAR 661.50 ▼ 0.45% ALUAR 972.50 ▲ 0.41% TGS 9,375 ▲ 0.70% CEPU 2,295 ▼ 0.86% MIRGOR 17,425 ▲ 1.31% COME 45.93 ▲ 1.12% LOMA NEGRA 3,495 ▼ 0.07% BYMA 312.00 ▲ 0.73% TELECOM ARG 4,175 ▲ 1.34% ECOPETROL 15.34 ▼ 0.32% BANCOLOMBIA 82.34 ▲ 1.74% GRUPO AVAL 5.09 ▲ 1.39% CREDICORP 398.96 ▲ 1.80% SOUTHERN COPPER 175.77 ▲ 0.77% BUENAVENTURA 29.68 ▲ 0.44% MERCADOLIBRE 1,833 ▲ 1.36% NUBANK 13.94 ▲ 1.94% XP 17.08 ▲ 4.05% PAGSEGURO 9.33 ▲ 3.61% STONE 11.29 ▲ 3.01% GLOBANT 31.50 ▲ 0.67% TECNOGLASS 43.65 ▲ 1.18% GAP AIRPORT 231.91 ▼ 1.09% ASUR 282.10 ▼ 0.53% OMA AIRPORT 108.00 ▼ 0.30% AMX ADR 25.99 ▲ 0.58% FEMSA ADR 127.83 ▲ 0.65% CEMEX ADR 12.58 ▲ 1.70% PETROBRAS ADR 17.16 ▲ 0.73% VALE ADR 14.45 ▲ 1.58% ITAU ADR 8.52 ▲ 2.90% SANTANDER BR 5.34 ▲ 3.79% AMBEV ADR 3.06 ▲ 0.73% CSN 0.99 ▲ 3.65% GERDAU 4.50 ▲ 1.93% LATAM ADR 56.69 ▼ 0.61% BTC 64,233 ▲ 1.65% ETH 1,796 ▲ 2.96% SOL 78.38 ▲ 0.43% XRP 1.11 ▲ 1.15% BNB 574.29 ▲ 1.02% ADA 0.17 ▲ 0.77% DOGE 0.07 ▲ 1.70% AVAX 6.73 ▲ 0.70% LINK 7.95 ▲ 2.85% DOT 0.88 ▲ 7.26% LTC 44.47 ▲ 1.61% BCH 251.52 ▲ 5.78% TRX 0.33 ▼ 0.41% XLM 0.19 ▲ 1.93% HBAR 0.07 ▲ 1.07% NEAR 1.91 ▼ 0.39% ATOM 1.58 ▲ 1.95% AAVE 95.06 ▲ 4.17% SELIC 14.25% EMBRAER 84.76 ▲ 1.07% EMBRAER ADR 66.40 ▲ 1.31% JBS 11.88 ▲ 1.28% JBS BDR 60.61 ▲ 0.93% MBRF3 15.68 ▲ 1.75% MBRFY 3.00 — 0.00% INTER 5.89 ▲ 3.15% EGX 52,312 ▲ 0.54% USD/ZAR16.30▼ 0.16% USD/NGN1,376▼ 0.12% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY161.79▼ 0.37% USD/CNY6.77▼ 0.39% DAX 25,104 ▼ 0.06% CAC 8,326 ▼ 0.01% FTSE 10,500 ▲ 0.26% MIB 52,733 ▲ 0.67% IBEX 19,433 ▲ 0.57% STOXX 641.93 ▲ 0.17% EUR/USD1.14▼ 0.06% GBP/USD1.34▲ 0.07% SPX 7,558 ▲ 0.19% DJI 52,542 ▲ 0.10% NDX 29,727 — 0.00% RUT 2,980 ▼ 0.43% TSX 35,274 ▲ 0.21% VIX 15.65 ▼ 1.20% USD/CAD1.42▼ 0.01% US10Y 4.5450 ▲ 0.13% IBOV 176,317 ▲ 2.07% IPSA 11,025 ▲ 0.72% IPC MEX 66,392 ▲ 0.43% MERVAL 3,217,040 ▼ 0.22% COLCAP 2,289.96 ▼ 0.12% BVL PERÚ 56,194.27 ▲ 0.42% USD/BRL 5.11 ▼ 0.10% USD/MXN 17.51 ▼ 0.21% USD/CLP 924.68 ▼ 0.32% USD/COP 3,244 ▼ 2.95% USD/PEN 3.39 ▼ 0.23% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.22 ▲ 1.20% USD/PYG 6,055 ▲ 1.53% USD/BOB 10.14 ▲ 4.01% USD/DOP 58.48 ▼ 0.12% USD/CRC 448.82 ▲ 1.40% USD/GTQ 7.63 ▲ 2.28% USD/HNL 26.72 ▲ 1.50% USD/NIO 36.62 ▲ 0.26% USD/VES 707.92 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 158.07 ▲ 0.80% USD/TTD 6.75 ▲ 1.32% EUR/BRL 5.83 ▼ 1.04% BRENT 76.06 ▼ 0.31% WTI 71.66 ▼ 0.58% IRON ORE 161.91 — — COPPER 6.28 ▲ 0.99% GOLD 4,107 ▼ 0.57% SILVER 60.07 ▼ 0.51% SOY 1,181 ▲ 0.13% CORN 452.75 ▲ 5.84% WHEAT 641.00 ▲ 4.87% COFFEE 322.20 ▼ 9.74% SUGAR 14.79 ▼ 2.18% ORANGE JUICE 145.60 ▼ 2.87% COTTON 80.08 ▲ 5.15% COCOA 5,917 ▼ 6.21% BEEF 231.70 ▼ 1.51% CATTLE 358.15 ▲ 0.56% LITHIUM 72.33 ▼ 0.67% PETR4 39.55 ▲ 0.87% VALE3 74.08 ▲ 1.27% ITUB4 43.58 ▲ 2.32% BBDC4 18.48 ▲ 2.67% ABEV3 15.76 ▲ 0.25% BBAS3 20.39 ▲ 1.95% B3SA3 15.31 ▲ 3.52% WEGE3 46.37 ▲ 1.38% PRIO3 55.63 ▲ 0.04% SUZB3 41.63 ▲ 1.46% RENT3 40.86 ▲ 3.71% AZZA3 18.99 ▲ 2.87% CSAN3 3.94 ▲ 2.07% RAIZ4 0.36 ▼ 2.70% PCAR3 2.73 ▼ 1.09% GMAT3 3.97 ▲ 1.02% PSSA3 54.29 ▲ 1.76% CVCB3 1.27 ▲ 1.60% POSI3 3.92 ▲ 1.82% SLCE3 13.89 ▲ 0.73% NATU3 8.48 ▲ 0.24% BRKM5 6.48 ▲ 1.89% RANI3 7.97 ▲ 1.40% CSNA3 4.98 ▲ 3.75% CMIN3 5.03 ▲ 4.14% USIM5 8.32 ▼ 0.36% GGBR4 22.90 ▲ 1.87% ENEV3 26.90 ▲ 2.67% CPFE3 47.16 ▲ 1.88% CMIG4 11.30 ▲ 1.99% EQTL3 40.63 ▲ 2.83% LREN3 14.65 ▲ 3.53% VIVT3 35.27 ▲ 2.23% RAIL3 14.01 ▲ 1.89% KLABIN 17.59 ▲ 1.09% RAIA DROGASIL 18.48 ▲ 1.93% RDOR3 35.99 ▲ 2.39% HAPV3 10.44 ▲ 3.67% FLRY3 16.11 ▲ 2.29% SMTO3 16.06 ▲ 0.06% UGPA3 30.83 ▲ 2.43% VBBR3 32.73 ▲ 1.96% BBSE3 39.82 ▲ 1.37% BPAC11 57.48 ▲ 3.23% CURY3 33.92 ▲ 3.73% AERI3 2.09 ▲ 1.46% VIVARA 23.09 ▲ 2.26% COMPASS 24.95 ▲ 1.09% VAMOS 3.05 ▲ 3.04% SANB11 26.96 ▲ 2.70% ASAI3 8.87 ▲ 4.85% SBSP3 30.88 ▲ 2.93% WALMEX 49.28 ▲ 0.53% GMEXICO 195.91 ▲ 0.29% FEMSA 223.77 ▲ 0.63% CEMEX 21.94 ▲ 1.06% GFNORTE 187.62 ▲ 1.22% BIMBO 56.27 ▲ 0.61% TELEVISA 9.55 ▲ 0.63% AMX 22.84 ▲ 0.88% GAP 406.40 ▼ 1.77% ASUR 282.10 ▼ 0.53% OMA 235.53 ▼ 1.04% KOF 181.11 ▲ 0.12% GRUMA 284.19 ▲ 0.67% KIMBER 38.33 ▼ 0.29% SQM-B 69,045 ▼ 0.08% COPEC 6,020 — 0.00% BSANTANDER 77.50 ▲ 0.52% FALABELLA 5,812 ▼ 0.67% ENELAM 84.16 — 0.00% CENCOSUD 2,074 ▲ 0.85% CMPC 1,095 ▲ 1.47% BANCO CHILE 188.00 ▲ 0.53% LATAM AIR 26.40 — 0.00% YPF 74,550 ▼ 1.62% GGAL 8,000 ▲ 1.52% PAMPA 5,200 ▼ 0.10% TXAR 661.50 ▼ 0.45% ALUAR 972.50 ▲ 0.41% TGS 9,375 ▲ 0.70% CEPU 2,295 ▼ 0.86% MIRGOR 17,425 ▲ 1.31% COME 45.93 ▲ 1.12% LOMA NEGRA 3,495 ▼ 0.07% BYMA 312.00 ▲ 0.73% TELECOM ARG 4,175 ▲ 1.34% ECOPETROL 15.34 ▼ 0.32% BANCOLOMBIA 82.34 ▲ 1.74% GRUPO AVAL 5.09 ▲ 1.39% CREDICORP 398.96 ▲ 1.80% SOUTHERN COPPER 175.77 ▲ 0.77% BUENAVENTURA 29.68 ▲ 0.44% MERCADOLIBRE 1,833 ▲ 1.36% NUBANK 13.94 ▲ 1.94% XP 17.08 ▲ 4.05% PAGSEGURO 9.33 ▲ 3.61% STONE 11.29 ▲ 3.01% GLOBANT 31.50 ▲ 0.67% TECNOGLASS 43.65 ▲ 1.18% GAP AIRPORT 231.91 ▼ 1.09% ASUR 282.10 ▼ 0.53% OMA AIRPORT 108.00 ▼ 0.30% AMX ADR 25.99 ▲ 0.58% FEMSA ADR 127.83 ▲ 0.65% CEMEX ADR 12.58 ▲ 1.70% PETROBRAS ADR 17.16 ▲ 0.73% VALE ADR 14.45 ▲ 1.58% ITAU ADR 8.52 ▲ 2.90% SANTANDER BR 5.34 ▲ 3.79% AMBEV ADR 3.06 ▲ 0.73% CSN 0.99 ▲ 3.65% GERDAU 4.50 ▲ 1.93% LATAM ADR 56.69 ▼ 0.61% BTC 64,233 ▲ 1.65% ETH 1,796 ▲ 2.96% SOL 78.38 ▲ 0.43% XRP 1.11 ▲ 1.15% BNB 574.29 ▲ 1.02% ADA 0.17 ▲ 0.77% DOGE 0.07 ▲ 1.70% AVAX 6.73 ▲ 0.70% LINK 7.95 ▲ 2.85% DOT 0.88 ▲ 7.26% LTC 44.47 ▲ 1.61% BCH 251.52 ▲ 5.78% TRX 0.33 ▼ 0.41% XLM 0.19 ▲ 1.93% HBAR 0.07 ▲ 1.07% NEAR 1.91 ▼ 0.39% ATOM 1.58 ▲ 1.95% AAVE 95.06 ▲ 4.17% SELIC 14.25% EMBRAER 84.76 ▲ 1.07% EMBRAER ADR 66.40 ▲ 1.31% JBS 11.88 ▲ 1.28% JBS BDR 60.61 ▲ 0.93% MBRF3 15.68 ▲ 1.75% MBRFY 3.00 — 0.00% INTER 5.89 ▲ 3.15% EGX 52,312 ▲ 0.54% USD/ZAR 16.30 ▼ 0.06% USD/NGN 1,376 ▲ 0.08% NIKKEI 68,558 ▲ 1.20% CSI300 4,781 ▼ 1.96% HSI 24,175 ▲ 0.60% NIFTY 24,207 ▲ 1.02% KOSPI 7,476 ▲ 2.52% JCI 5,924 ▲ 0.20% USD/JPY 161.78 ▼ 0.35% USD/CNY 6.7663 ▼ 0.37% DAX 25,104 ▼ 0.06% CAC 8,326 ▼ 0.01% FTSE 10,500 ▲ 0.26% MIB 52,733 ▲ 0.67% IBEX 19,433 ▲ 0.57% STOXX 641.93 ▲ 0.17% EUR/USD 1.1422 ▼ 0.10% GBP/USD 1.3403 ▼ 0.01% SPX 7,558 ▲ 0.19% DJI 52,542 ▲ 0.10% NDX 29,727 — 0.00% RUT 2,980 ▼ 0.43% TSX 35,274 ▲ 0.21% VIX 15.65 ▼ 1.20% USD/CAD 1.4164 ▼ 0.01% US10Y 4.5450 ▲ 0.13%
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Politics - Brazil Rio de Janeiro

Brazil’s Minha Casa Minha Vida Units Have Structural Problems

By · August 17, 2017 · 2 min read

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By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – A report by Brazil’s Ministry of Transparency and the General Comptroller of the Union (CGU) found that 56.4 percent of the Minha Casa, Minha Vida (My Home, My Life) apartments units evaluated showed considerable structural damages in their construction, with leaning, cracked walls and leaky ceilings.

Brazil, Federal government's housing program, Minha Casa Minha Vida
Federal government’s housing program, Minha Casa Minha Vida, photo by Tomaz Silva, Agencia Brasil.
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“Regarding the constructions, defects were observed in 56.4 percent of the units of the sample visited, structural failures occurred within the warranty period. The main ones were: infiltrations, lack of plumb in walls (tilting of walls), cracks and leaks,” said the report released on Wednesday (August 16th) by the Ministry.

Despite the problems encountered, officials said the satisfaction of the beneficiaries interviewed in relation to program was positive. “The level (of satisfaction) was considered ‘high’ in 33.1 percent of cases and ‘medium’ in 47.2 percent,” noted Ministry officials.

According to the Ministry of Transparency, the result may be related to the fact that federal bank Caixa Economica, which is lending the money for the program, and the construction companies involved in the works have offered assistance and conducted repairs in the damaged units.

According to officials 1,472 units were evaluated in 77 Minha Casa Minha Vida complexes in twelve states. The assessment also noted that less than 20 percent of residents reported flooding, poor lighting and lack of pavement in the external areas.

After the document was presented, officials at the Cities Ministry, in charge of the national program, were quick to state that the evaluations were made in 2015, “before the changes of rules were presented by the current administration”.

According to the Ministry of Cities new projects for Minha Casa Minha Vida units will now follow more rigorous construction standards. “It is important to remember that the changes made this year will only affect the new scope of the program and, therefore, will only be felt in future units,” the note from the Cities Ministry stated.

The Minha Casa Minha Vida is a massive public low-income housing program launched by the Brazilian PT Workers’ Party in 2009. Since then the program has had investments totaling R$300 billion, more than 4.2 million housing units authorized for construction and 2.62 million units delivered to low-income families.

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