No more: find out which housing subsidy will no longer be in force

A week ago william herrerapresident of the Colombian Chamber of Constructionhighlighted the announcement of the addition of one billion pesos for the program My House Already and described it as a positive response to the union’s call.

The director mentioned in an interview with RCN Radio that, in the last twelve months, less than 200,000 new homeswhich represented a fall of 25.4% compared to the previous period, of this figure 142,950 were social interest homes (VIS) which also decreased 25.4% in annual terms.

With this scenario, the National government decided to add one billion pesos to the initial budget, with this 75,000 families will benefit from the subsidy that has become a fundamental element for the Ministry of Housing. However, another of the very important subsidies for those who are interested in buying a home is over.

The support given to Colombian families to access a non-VIS housing It remained to be seen, since the national government headed by the president Gustavo Petro determined that it will not reactivate this type of support, so the maximum amount to access housing it will be $174 million (150 minimum wages).

In relation to this, from the Ministry of Housing was commented on bloomberg online that this aid was put into effect as a reactivation strategy during the coronavirus pandemic coronavirus. In addition, he added: “After the end of the health emergency, this policy instrument partially met its objective of activation of the economy in the framework of the crisis caused during the pandemic”.

These aids were delivered until December 2022. The beneficiaries of this type of subsidy will receive up to 500 thousand pesos per month during the first seven years of its credit, which corresponds to an amount close to $40 million, with the above, the loan installment will be reduced significantly.

Buying a home in Colombia is one of the biggest dreams for many Colombians, it is important to take into account the types of housing that exist in the country and what are the differences between them.

One of the main differences between these projects is related to the cost of the property, since the maximum value of the home of interest for 2023 will be between $156,600,000 and $174,000,000, while the houses not VIS exceed $150,000,000 and have a maximum cost of $500,000,000.

Furthermore, with the VIS housing You can access different subsidies, this type of property can have the constitution of family assets. The VIS housing It is aimed at individuals and families with incomes below four minimum wages.

This type of project has minimal habitability elements, lighting, ventilation and spatial comfort. For this type, the buyer’s income level is taken into account, since their objective is to facilitate the purchase of housing for people of income less than five minimum wages.

The cost of public services can be cheaper, the interest rate is lower, the valuation of these properties is constant because there is high demand in the market.

Priority interest projects are designed for people with low income or living in extreme povertythese types of projects have maximum costs of 70 current minimum monthly wagesare supported by subsidies that facilitate the purchase of housing for low-income families or people.

This property model It can have a higher cost than those mentioned above, but they do not exceed the value of 500 minimum wages, it usually has a variety of housing styles, since the spaces are larger. These types of projects include some additional services such as: BBQ, swimming pool, gym, or inclusion of smart home programs, which could increase expenses for the buyer.

It is important to have all this information at hand so that when buying a home it meets your needs and your pocket, now that the project of non-VIS housing It will not continue in force, you can study projects such as: VIS housing and VIP housing.