By Lise Alves, Senior Contributing Reporter
SÃO PAULO, BRAZIL – Minha Casa Minha Vida (My House My Life) the massive public low income housing campaign launched by the Brazilian Federal Government in 2009 has entered its third phase, focusing now on housing in the country’s large cities. Although government officials say that the main program is going strong, Caixa Economica Federal has suspended another program linked to this initiative, Minha Casa Melhor.
“We are revising the program, because unlike Minha Casa, Minha Vida which registers a very low default in loans, the Minha Casa Melhor has a substantial default . . .