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Minha Casa Minha Vida

Opportunities in Brazil


OCT, 2011 By Joanna Styles FavelasAlong with exuberant carnivals and exotic beaches, Brazil also brings to mind the image of its infamous favelas, vast slum areas that are part and parcel of many large cities. These slum dwellings and overcrowded lodgings have for decades been the only housing option for millions of Brazilians. With the introduction of the federal government’s social housing program, Minha Casa Minha Vida (MCMV), in March 2009, this panorama is changing. For the first time ever, many poor Brazilian families have the opportunity to buy their own homes and substantially improve their living standards. “This is perhaps the most striking aspect of the program,” says Gary Hardacre, CEO at Obelisk International, “that it is making a tangible difference to Brazilians&r....




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