The Inter-American Development Bank (IDB) has approved a US$54.5 million loan to fund a social housing initiative in Brazil.

This funding will be utilized to launch new housing strategies and enhance the quality of dwellings. The loan marks the commencement of a conditional credit line for investment projects (CCLIP), which has the potential to finance individual investment operations up to US$600 million. The specific objectives of this initiative encompass connecting housing supply and demand, developing and implementing a national microfinance program to facilitate sustainable home improvements for low-income families, and bolstering the national housing plan. The plan aims to promote social and environmental sustainability, as well as provide training to subnational government officials and professionals in the housing industry.

The recently introduced "My house, my life" national housing program targets essential infrastructure such as water, sanitation, and energy, as well as legal land ownership. Its primary objectives are to increase the construction of new houses, enhance existing housing conditions, and fortify institutional structures. This initiative specifically concentrates on supporting the most vulnerable groups, including low-income individuals, women, and people with disabilities.