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Could Rousseff continue Minha Casa, Minha Vida?

Date added: 24th September, 2010 at 14:54
(view all articles from September, 2010)

Categories: Economy, Property News, Social and Affordable Housing in Brazil

Presidential candidate for Brazil Dilma Rousseff may be planning to continue social and affordable housing projects, such as Minha Casa, Minha Vida (My House, My Life), as she said she was "proud" of the current government's policies.

The property scheme provides homes for the poor through the state's construction and financing of abodes, while less expensive homes are being made available to low-income families by private developers - presenting an opportunity for investors.

Paulo Cabral recently wrote for the BBC that such initiatives were driving a surge in mortgage lending, which had increased by 77 per cent in the first half of 2010 compared with the same period the previous year.

During current ruler Luiz Inacio Lula da Silva's leadership, social and economic programmes have seen 27 million Brazilians lifted out of poverty, Dow Jones Newswires reported.

Backed by the president, front runner in the election race Ms Rousseff said she planned to continue the economic and social initiatives put in place.

"I'm proud to be associated with the government of President Lula because we showed that distribution of income was a necessary condition to make Brazil independent and achieve stability," the news provider quoted her as saying.

The candidate was speaking to religious leaders and students as part of a televised debate sponsored by the country's National Conference of Bishops (CNBB), the information source stated.

She shared the stage with her opponents Jose Serra, Marina Silva and Plinio de Arruda Sampiao, representing the Social Democracy Party, the Green Party and the Socialist and Freedom Party respectively.

Each of the candidates was prohibited from making accusations about their rivals, the news agency noted.

Ms Silva pitched for a "mobilising state" to address the nation's more urgent issues, while Mr Serra stressed plans to support low-income workers and prepare Brazil for longer-term development.

Speaking for the ruling Workers' Party, Ms Rousseff described herself as the "candidate of continuity", highlighting that the government was no longer forced to rely on the International Monetary Fund for financial assistance, Dow Jones Newswires said.

The vote will take place on October 3rd and the government's runner is currently in the lead on 51 per cent, according to the latest Vox Populi poll, Reuters reported.

Indeed, Bradley Brooks recently wrote in the Associated Press that the majority of voters would like to see a continuation of the current administration's policies, which has seen many stand behind Ms Rousseff.

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