SAO PAULO – About 200 Homeless Movement (MTST) members set up a camp Thursday outside Brazilian President Michel Temer’s Sao Paulo office to demand more public housing and express opposition to a real estate financing plan proposed by the administration.
The Temer administration’s plan would change housing finance rules and “transform a social program into a real estate lending program,” MTST leader Guilherme Boulos said.
“This is unacceptable, the program will stop having a social focus and turn its back on the most needy,” Boulos said.
MTST members began setting up camp Wednesday night on busy Avenida Paulista, vowing to stay until the administration addresses its demands.
The MTST opposes a new public housing plan that raises the household income needed to qualify for the program by nearly 50 percent to 9,000 reais (about $3,000).
The Temer administration, for its part, views the changes to the program as a way to jump-start Brazil’s stagnant economy, which has contracted for two straight years.
The administration hopes to stimulate demand for housing, giving a boost to the construction industry and creating jobs.