After several alerts launched by the Colombian Chamber of Construction (Camacol), the Government took note and, according to statements by the Minister of Housing, City and Territory, Catalina Velasco, the 52,000 families that have pending the reservation of their Mi Casa Ya subsidy They will have the resources to financially close the purchase of your home.

(See: Fintech facilitates access to housing loans in Colombia).

Nowadays there is $1.24 trillion in this program of which $690,000 million are from the 2022 allocations, and $550,000 million are from the 2023 budget, to grant 23,000 and 18,000 subsidies.

Now to reach the 52,000 new grants that are needed, an additional $1 trillion is needed, of which $400,000 million have already been requested (for 13,000 grants) and another $630,000 million, for another 21,000 families they will be requested in the budget addition.

(See: New Mi Casa rules would no longer revive home sales.)

The allocations will be made weekly during this first stage of transition, so that 18,000 families, which are the resources that we currently have available, will take their Sisbén, their requirements and thus they can have their subsidy quickly.”, advised the Minister.

This way, In 2023, the Housing portfolio expects to grant 75,000 economic relief to families to expect to close their businesses this year.

(See: Inflation: how investing in housing would work as a safe haven asset).

BRIEFCASE