Overview

• The government bills the plan as a structural reform of SBPE rules to make savings deposits more effective in supporting home loans, with a formal launch in São Paulo.
• Implementation still requires CMN approval, with a one-year hybrid regime keeping old and new models side by side to limit market disruption.
• Officials expect at least R$20 billion in additional housing lending primarily through public banks such as Caixa, which projects roughly 80,000 extra financings by 2026.
• Measures include freeing compulsory reserves at the central bank, maintaining the Social Fund, and committing FGTS resources of R$30 billion for 2025–26 with possible extension.
• A parallel home-renovation credit line will serve three income bands with monthly rates of 1.17% and 1.95% below a market-based tier, with availability at Caixa targeted by the end of October.