Change in the profile served by housing public policies and the growth of Non-Current Assets (BNDU): indebtedness, real estate repossessions, and the impact on low-income populations^*

El cambio en el perfil atendido por las políticas públicas de vivienda y el crecimiento de los Bienes No de Uso (BNDU): ende damiento, la adjudicación inmobiliaria y el mayor impacto en las poblaciones de bajos ingresos

Abstract

In Brazil, credit was used as a facility for the access of housing, resulting in the loss of real estate due to indebtedness. In this article, we studied the real estate repossessions by the Brazilian bank Caixa Econômica Federal (CEF) in the districts of Campo Limpo and Vila Andrade, in São Paulo, characterized by low-income and high-income populations, respectively. The data collected from the real estate launches of the Brazilian Patrimony Studies Company (EMBRAESP) describe how housing resources of Minha Casa, Minha Vida Program (PMCMV) were redirected to the higher-income population. A fact that excluded low-income citizens from access to housing. Through the CEF data on Non-Current Assets (repossessions and in-stock real estate), we aim to compare the impact of repossessions among inhabitants with different socioeconomic profiles. Data from Campo Limpo and Vila Andrade proved that the higher impingement of foreclosures occurs in the lowest-income population.

Keywords:
Credit; Indebtedness; Socioeconomic profiles; Real estate repossessions; Non-Current assets