The EcoHouse Group is a well known firm which has offices in Brazil, as well as Singapore, Canada and the UK. It was only established four years ago, but has managed to develop a strong reputation for itself, due to its involvement with a Brazilian social housing programme called Minha Casa, Minha Vida. The EcoHouse Group is one of the only firms of its kind which is building houses for this programme.
The EcoHouse Group is now renowned for its high quality properties and quick construction times. It registered as a developer with the Brazilian government in 2009, shortly after the program was launched. Its situation is slightly unusual, as the chief executive of the EcoHouse Group is the owner of the land on which the residential properties are being built.
The EcoHouse Group is very careful when it comes to protecting the funds which its investors have provided for its developments, and has secured its properties with a set exit price that has been set by Brazil’s largest and most reputable bank, CAIXA Economica Federal. Those who have chosen to invest in this social housing program, through the EcoHouse Group, have been making excellent returns of between 15% and 20%. Some clients of the EcoHouse Group have been so pleased with the results of their investment, that they have opted to invest with the EcoHouse Group for a second time, by providing the funds for subsequent phases.
With the help of the property experts at the EcoHouse Group, this social housing programme is having a hugely positive effect on the living situations of Brazilian families. The program has been set up to help low incomes families to buy high quality homes of their own. The government will allow any family who earns under ten times the national minimum wage to apply for a house, provided they satisfy the other eligibility requirements.
The Brazilian government will also be subsidising part of the purchase price of each unit. Moreover, the total price that families will pay will include the cost of a comprehensive house insurance policy. Other expenses which might be incurred when buying a property – things like taxes and legal bills – will also be significantly reduced, and the banks will be offering families very competitive mortgage rates. This means that even families who earn very little will have the opportunity to improve their standard of living, by buying a home built by the EcoHouse Group.