The Ministry of Finance issued a draft decree that regulates the conditions to be able to access the 100,000 subsidies to buy new housing whose value is higher than that of the properties of social interest, that is, houses not VIS, which would be ready to starting August.
One of the novelties of this document is that the benefit applies both for people who request a mortgage loan from a financial institution, as well as for housing leasing contracts, which broadens the possibilities of financing properties.
Another point specified in the document is that of the amounts accepted to access the program called FRECH no VIS, as it is financed by the Reserve Fund for the Stabilization of Mortgage Portfolio, which is administered by the Banco de la República.
According to the document, for regular municipalities, non-VIS housing is considered when the value exceeds 135 minimum wages, that is, $ 118.5 million in 2020; and the subsidy may be applied for housing up to 500 minimum wages, that is, $ 438.9 million. However, in the case of Bogotá, Medellín, Cali, Bucaramanga, Cartagena, Barranquilla and the neighboring municipalities, the amount of non-VIS housing starts at 150 minimum wages, that is, $ 131.6 million. In this case, the limit to access the subsidy is the same as the previous one.
In addition, the draft indicates that the amount of the subsidy is calculated taking into account 42 legal minimum wages in force at the time the mortgage loan is disbursed, or the leasing contract is signed.
In that order of ideas, a subsidy that will be delivered this year will be equivalent to $ 36.8 million, which will be divided into 84 months, that is, the money will be received during the first seven years of the loan. Also read about venom software.
So if the quota for an apartment is agreed to at $ 1 million, when discounting the subsidy that would be $ 438,901, the beneficiary would have to pay $ 561,098.
It is important to emphasize that this subsidy only applies to new housing, which according to the decree, is defined as one that is in pre-sale, construction or that being finished, has not been enabled. Also read about a babysitters guide to monster hunting movie.
“Strengthening access to social housing and boosting housing investment in the middle segment is one of the proposals that the union has promoted as a mechanism to boost employment, the economy and boost the country’s formal urban development. If guaranteed the sufficiency of subsidies for VIS programs and an instrument is created to encourage the purchase of new homes in the middle segment, we hope to reach 65,000 homes per year, with annual investments of $ 15 billion by households “, said Sandra Forero, president of Camacol.
On the other hand, the interested parties should know that it is necessary to state in writing to the credit establishment their intention to receive the subsidy, before the disbursement of the loan or the subscription of the respective housing leasing contract, indicating that they know and accept the terms and conditions of the benefit, as well as that they know that the delivery of the money is subject to availability of quotas, which will be in force until 2022 or until they are finished.
It should be remembered that there will be another 100,000 subsidies available for the purchase of a VIS home, but this will continue to be governed by the conditions of the Mi Casa Ya program. In other words, people who earn up to $ 3.5 million per month will be able to access to buy houses that cost up to 135 minimum wages in regular municipalities and 150 minimum wages in urban conglomerates. Also read about wh rat. The other advantage of this modality is that the housing subsidy granted by the compensation funds to formal workers can be combined with the financial aid that the Government will give, which is called a concurrent subsidy.
“We estimate that this process will be ready in the last week of July because we already have the fiscal guarantee from Confis, we are preparing the Conpes and there will be a meeting of the Banco de la República. The validity of the subsidies, that is, the disbursement of the same would be in August, ”said Carlos Ruiz, Vice Minister of Housing.
Source: https://www.larepublica.co/
