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Lula Jokes About Boulos During Launch of New Mortgage Credit Line in São Paulo

The rollout introduces a federal housing credit model meant to shift beyond depleted savings-based financing.

Overview

  • At the Centro de Convenções Rebouças, Lula said Brazil had become a “republic of condominium invasions” and jokingly asked if deputy Guilherme Boulos was from that era, drawing laughter from the audience.
  • Lula linked his remarks to a critique of the extinct Banco Nacional da Habitação, saying it failed to meet demand and coincided with frequent occupations of housing complexes.
  • The government presented a new real-estate credit line intended to move away from reliance on poupança toward a more flexible and sustainable funding framework.
  • Lula outlined a goal of fostering a “middle-class society” through continued social inclusion policies that help people move up the social ladder.
  • Boulos continues to be considered for a ministry focused on relations with social movements, with questions about the role of current minister Márcio Macêdo and reported resistance within PSOL and parts of the PT.