Ministry of Housing, Construction and Sanitation prepares bonds for the dream of owning a home

After the corruption scandal that rocked the Mivivienda Fundthe Ministry of Housing, Construction and Sanitation (MVCS) provided details of the route that this program – in force for 25 years – will take to continue facilitating access to a social interest home.

Hania Perez de Cuellarhead of the MVCS, pointed out that the change of the Mivivienda Fund is “from the roots”, and very apart from the anti-corruption filters that will be implemented and the channels to make direct complaints in the event of any irregularity suffered by a family, policies will be articulated to reach almost 300,000 compatriots and fulfill the dream of your own home.

Canon and recognition to the good payer

For example, S/5,300 million will be available in the so-called Canon Bonus, which empowers regional and municipal governments to dispose of the resources provided by mining activity so that annually some 150,000 families in Cusco, Arequipa, Áncash and Pasco can afford a home. According to the official, there are already agreements with these regions to take action.

It is worth noting, according to the MVCS, that this is not a bonus like those implemented in the pandemic, but rather adheres to the Own Roof Family Housing Bonuswhich allows citizens who meet certain requirements receive up to S/43,312 for the purchase of a home, S/29,700 to build and S/11,385 to improve it.

The differentiated Bonus by region will also be executed, in order to reduce the household deficit in some corners of the country. According to Minister Pérez de Cuéllar, 1.8 million Peruvians do not have decent housing: 1.5 million in urban areas and 300,000 in rural areas.

Another of the premises of the new Mivivienda Fund is the Bonus Improve your homepublic land for housing —which seeks to build 58,200 properties In total, and for this year, it will have 11 projects —, Construction on its own site and Incentives for loans, so that formal banks get involved in the equation of Techo Propio households, sustained, currently, to a large extent only by the family savings and bonus.

Likewise, the Mivivienda program proposes an Integration Bonus of S/3,500 for a universe of 3,500 families per year. The target of this initiative is to inject S/12 million for users who receive the Good Payer Bonus and help them pay for their home. It will prioritize the vulnerable population, the elderly, displaced persons and people with disabilities.

Also they will move S/600 million of Mivivienda loans for more than 4,000 socially affected families and that banks with full credit lines can sell mortgage portfolios to investment funds, thus freeing up credit lines to boost this market.

In general terms, by 2032 it is expected to increase state investment to S/9.4 billion to close gaps, placing 140,000 homes per year.

These measures will gradually become official, the minister noted.

Finally, Francisco Carbajalpresident of the board of directors of the Mivivienda Fund, pointed out that they will go to their strategic partners and they will take “completely transparent” steps to take this company to high levels of public management.

Solution after FMV scams

Pérez de Cuéllar acknowledged that they are concerned “for the families cheated” by Marka Group in Lima Bonita —the Sada Goray case—, for which they are in contact with those affected to establish solutions that would go for the return of contributions or relocation to a real estate project under development or in the future.

“The (scandal in the) FMV is a clear example of what should not have been done. We will guarantee all contributions made. We are rigorously registering them, ”he added.

The numbers

• FMV promotes 50,000 homes annually.

• S/5,300 million is the potential scope of the Canon Bonus for some regions.

• 300,000 homes will be built in rural areas via Works for Taxes in alliance with the MEF.