The government’s Mi Casa Ya program was established in 2015 with the aim of facilitating the purchase of a new home in urban areas by households in every municipality of the country through a family housing subsidy and/or coverage for the interest.
Initially, it was aimed at households with a total income of less than 4 current legal minimum monthly wages and grants were awarded on demand until quotas were exhausted.
In this new government, the continuity of the initiative was announced, but with changes that have not yet been announced.
“As we have said, while the current subsidy program is working, households are accessing it and there is significant progress, it is not reaching the poorest and most vulnerable and it is concentrated in the major cities. That is why we are doing very sensible work to make the necessary adjustments,” said Minister Velasco.
“Five million families are facing a housing shortage, a huge problem that has drawn all our attention,” he said at the time about this program that provided 65,000 subsidies in 2022 and 67,000 in 2021.
He affirmed that while it is true that the Mi Casa Ya program will continue, it will be pursued that its orientation will not only focus on urban housing, but that it will be adapted to the needs of families living in the different regions of Colombia.
He indicates that the award of grants will start this year before the end of the first quarter and that the amount will depend on the budget addition that will be discussed in the Congress of the Republic.
Source: El heraldo
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