Searching for affordable housing or starting to build on a piece of land can become a difficulty for families if they do not have the necessary resources to do so. In the market, several financial entities offer loans with different conditions.
The Ministry of Human Development and Housing provides a bonus in certain aid plans that it promotes through the Casa para Todos – CPT housing project. On its website it is mentioned that the objective is “to provide housing of social and public interest, worthy and adequate, to Ecuadorian citizens, with emphasis on the population in poverty and vulnerability; as well as in families with lower incomes that need their own housing, ensuring a safe and inclusive habitat.
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There are four segments in the program. First It involves a total subsidy from the State, although the interested party must meet eligibility and prioritization criteria (poverty and vulnerability). Among the requirements are:
- Being Ecuadorian, of legal age.
- Be part of the Social Registry, if you do not have this, you must register.
- Not having your own home
The entities will evaluate conditions of vulnerability and poverty, as well as whether they have under their protection or care people with catastrophic, rare and orphan diseases; older adults, children and adolescents, if they belong to peoples or nationalities recognized by the Ecuadorian Constitution.
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The beneficiary can have their own land, for which they have two house options (two bedrooms and three bedrooms). If not counted, it will be built on State land.
The second segment It consists of a partial subsidy by the State. Affordable housing with a value between $23,024 and $40,608 is involved here. There will be a subsidy of $ 6,000 and a preferential interest rate of 4.99% up to 25 years with 5% deposit.
Among the conditions to be fulfilled is having a maximum income of 1,000 dollars and that it be the first and only home, in addition to not having received a subsidy or bonus from the State.
The third segment it involves social housing with a value between $40,608 and $71,064. There, mortgage loans are granted with a preferential interest rate of 4.99% for up to 25 years and with a 5% down payment.
The fourth segment is the one for housing of public interest, which is aimed at families with average economic income. The houses must reach a value of up to 228.42 unified basic salaries. “The value includes the urbanization works of the housing project, as well as the value added tax (VAT) generated in the local acquisition of goods and/or provision of services used directly in the construction of the house, in accordance with the regulations in force,” it said.
How do I access the Miduvi subsidy?
To access one of the subsidies provided by the State portfolio, you must fill out an online form found at this link. Once you fill it out, the information provided will be validated and verified. To find out the status of your application, contact or go to the Miduvi Technical Office in your province.
The entity indicated that at the moment the quota destined for the 100% subsidy segment is complete. (I)
Source: Eluniverso
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