Mi Casa Ya: the requirements that must be met after adding a budget to the program - Personal Finance

Mi Casa Ya: the requirements that must be met after adding a budget to the program – Personal Finance – Economy

Mitchell G. Patton3 years ago

The Ministry of Housing once again highlighted the Mi Casa Ya program, politically oriented to guarantee solutions to homes throughout the national territory.

This year, the Ministry it has assigned a total of 18,172 subsidies for a value of $554,271 million, and 15,468 coverage requests have been received. Of these requests, 5,954 correspond to priority interest housing (VIP) and 9,514 to social interest housing (VIS).

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With the addition of one billion pesos to the budget of this Ministry, 75,000 additional subsidies will be secured to meet the objectives set for this year. The Minister of Housing, City and Territory, Catalina Velasco Campuzano, highlights that the country has gone from an average of 33,000 subsidies between 2018 and 2020 to the guarantee of 50,000 annual subsidies between 2023 and 2026.

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One of the aspects highlighted by the Ministry is the elimination of prioritization scores for applicants in municipalities of category 5 and 6, granting them up to 20 additional points.

This measure is intended to ensure that the program reaches municipalities that have historically been neglected in terms of housing.

The adjustments made to Mi Casa Ya also include the prioritization of households that plan to sign deeds in the six months following the issuance of the Decreewhich speeds up the process and avoids withdrawals.

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The Ministry of Housing in a statement that Sisbén IV, a system for identifying potential beneficiaries, plays a fundamental role in the Mi Casa Ya program. At the end of 2022, Sisbén IV had coverage close to 60% of the population and 70% of Colombian households.

Similarly, the Ministry of Housing, City and Territory calls on banks and builders to speed up the disbursement procedures for pending subsidies.

To apply you must have these requirements

To apply to the program, one of the requirements is to have a classification andBetween A1 and D20, which is based on median household income.

The D21 group, which has an income greater than four current legal monthly minimum wages, is excluded from the program, since It is considered that they do not face difficulties in obtaining financing.