BOX START PROGRAM 'MY HOUSE, MY LIFE' Interested parties can make the simulation on the website of the bank

Caixa Econ omica Federal offers, starting this Monday (13), states and municipalities, the term of joining the program My House, My Life. The bank also provides the model of instruction donation of land to municipalities. The construction and social m ovements interested in participating, they can submit proposals for 78 regional superintendents BOX. Registration for individuals with incomes 0-3 times the min imum wage will be done by states and municipalities and dates and venues will be widely disseminated regionally. CAIXA warning that the registration is free. Fo r those who earn 30-10 times the minimum wage, it is possible to simulate specia l link on the website of the bank, the address www.caixa. the portal, th ere are still booklets with all information from the program. The program of the Federal Government's goal to build one million houses. will be prioritized citi es with more than 100 000 inhabitants, and possibly more 50 thousand inhabitants . The value of the property will vary according to municipality size. For famili es 3-10 minimum wages, maximum values of properties ranging from $ 80,000 to $ 1 30,000. As for the winning 0-3, values are set by the Ministry of Cities. This w ill, in all, 400,000 houses for the salary range 0-3 minimum wages 400 000 3-6 2 00 000 minimum wages, and units for the last range (60-10). The government forec ast is to reduce the housing deficit in 14%, currently at 7.2 million units. The total estimated investment for the program is approximately $ 60 billion, with R $ 34 billion in subsidies. It is estimated that these funds manage around 800 000 new jobs in 2009, 1.6 million new jobs in 2010 and 1.1 million in 2011. "The se new jobs represent new families in terms to acquire their homes and this proc ess feeds itself, or generates new jobs and new demands, "says the chairman of C ASH, Maria Fernanda Ramos Coelho. CAIXA notes that the program will be operated simultaneously with other modalities of funding managed by the institution , whi ch should increase the volume of funds offered. Calculations bank projected a gr owth of around R $ 15 billion. This year, the initial goal was to apply BOX $ 27 billion in housing finance. Until 31/03 The bank had already lent $ 7 billion, enough to benefit over 645 000 people across the country. The value is 119% high er than the same period last year. HOW TO ENTER To the public 0-3 minimum salaries, registration and selection of h ouseholds will be made by states and municipalities. People can participate not previously benefited from government social housing program and who do not own t heir own homes or financing active throughout national. After selection, the app licant shall submit documentation staff in financial agent and the signing of th e contract will occur in the delivery of the project. In the case of families wi th income above 03 minimum wages will not occur change from current conditions. Applicants must make a direct construction companies. CAIXA also provides specia l space agencies around the country for recruitment and staff trained to provide information about the program. The bank guides the parties concerned seek relea se of new buildings directly on the building. The applicant must be holder of fu nding asset conditions of the Housing Finance System (SFH). A person can not be owner,transferee or prospective buyer or holder the right to buy another residen tial property or rural town located in the current place of residence. In all ca ses, should be submitted personal documents (identity card and CPF), proof of in come formal and informal . From 0-3 minimum wages, there is no analysis of credi t risk and ability to pay. For the rest, the operation works with the same rules of financing agreements. SELECTING PROJECTS For families earning 0-3 minimum wa ges Priority will be given projects to regions that receive impact of large infr astructure projects such as power plants, dams, and port areas affected by disas ters defined by civil defense. They will also have preferred developments of sta tes and municipalities that offer higher contrast and relief of GST tax , ITCD, ITBI and ISS, among other criteria. Proposals should provide ground floor houses or buildings, according to published specifications in the booklet. The enterpr ises to households with incomes 3-10 times the minimum wage does not conform to the pre-established and will be those normally offered by the construction indus try. INTEREST RATE Interest rates vary according to family income levels, being

5% annually + TR for families earning 3-5 minimum wages, 6% pa + TR for families earning 5-6 minimum wages and 8.16% annually + TR to the income range 6-10. For these tracks, the deadline for payment is up to 30 years and the share funding is up to 100%. For families that earn up to three minimum wages, the value of the share will be 10% of income, subject to the minimum value of $ 50.00. The payment period is u p to ten years and will have benefited from the subsidies and almost full exempt ion of insurance. Another incentive for low-income families is the exemption fro m payment of tariffs notary. The benefit extends to the income range 3-6, with a discount of 90% and 80% for borrowers with incomes of 6 10 minimum wages. CAIXA will work with the Constant Amortization System (SAC) for payment of funding. A LLOWANCE Total investment program are estimated at about $ 60 billion. Of this t otal, 34 billion will be subsidized, R $ 20.5 billion from Union and £ 7.5 bill ion of the Guarantee Fund for Length of Service (FGTS). Only for families with i ncomes up to three minimum wages, the financial contribution will be $ 16 billio n. For the group which is the salary range between 3 and 6 times the minimum wag e will have provided approximately $ 10 billion in subsidies, of which R $ 2.5 b illion federal funds and $ 7.5 billion FGTS. Families with monthly income of 3 1 0 minimum wages, they will have the benefit of the Guaranty Fund and also the ex emption from payment of insurance premiums. Guaranty Fund Created by HB 459, the Guaranty Fund will have assets of $ 2 billion, intended to finance the payment of benefits in cases unemployment and temporary loss of income, while preserving the maximum benefit. It also covers claims for death, permanent disability and physical damage of buildings. It is unique to the 600 000 units of the program t o families with incomes between 3 and 10 minimum wages . To access the fund, the borrower must have paid at least six installments of the contract and certify t hat you are unemployed or who lost part of their income. The value of benefits p aid off using the Guaranty Fund must be paid at the end of term contract or at t he discretion of the borrower, where it is able to make payments. The coverage i s as follows: - 0-3 minimum wages - the fund does not apply to this range of bor rowers, which will pay proportionate shares of 10% of income monthly.The purchas e price of property is almost entirely subsidized by the federal government. - 3 -5 minimum wages - up to 36 installments - 5-8 minimum wages - up to 24 installm ents - From 8 minimum wages - up to 12 installments RESOURCE BOX Only in 2009, Caixa expects to invest in the program $ 15 billion, including $ 4 billion for the full 0-3 salaries ing domains, R $ 5.7 billion to 3-6 times the minimum wage, $ 4 bln 60-10 and R $ 1.2 billion for infrastructure . For the 2010 projection is $ 30 billion and the other $ 15 billion in 2011. Ac cording to the Brazilian Institute of Geography and Statistics (IBGE), the housi ng deficit in country is 7.2 million homes and is concentrated in low-income (03 minimum wages), with 90.9% share. In the range 3-6 times the minimum wage, the deficit reaches 6.7% and 2.4% in the range 60-10. In the North, the deficit rea ched 10.3% in the Northeast, 34.3% in the Southeast, 36.4% in the South, 12% and the lowest is registered in the Midwest, with 7%. NEW RULES BOX simplified the process for approval of proposals for housing developments. Focus on reducing th e review period, which fell from 120 days to a maximum of 45 days, depending on the mode and will be conducted in parallel with the handling in the prefecture. Approval and contracting customers will be presented by the developer within 15 days. The bank will also accept projects in other regions analyzed and protocol registration in the registry to execute the sale to the beneficiary (in case of mergers ) replacing the record. We also changed the roof of the value of propert ies financed within the SFH, which went from $ 350,000 to $ 500,000. The rule ha s been in force since the 1st of April and should bolster the economy . For the market, the measure is doubly important. First it allows a larger number of tran sactions with interest rate tables and also allows borrowers to use the account balance to complement both the fund and payment of property value as the monthly ", says Vice President of Government of CHEST, Jorge Heredia. The Construcard, which operates with FGTS, is also with new rules. Among the novelties, are exemp

t from the guarantee of bail / bond and the extension of the deadline for deprec iation, which rose from 96 to 120 months. The hiring of Construcard FGTS is simp lified and allows the inclusion of up to 15% of labor costs in the amount financ ed. INFRASTRUCTURE To extend the possibility of supply of land, created CAIXA a specific credit line to fund infrastructure such as sidewalks, sewers and sluice gates, at a total investment of $ 5 billion in three years. Exclusive to the ci vil construction companies, the cost will not be passed on to final borrower. Sustainable housing program My House, My Life, also has an environmental concern . CAIXA will require the use of certified wood or from controlled forest managem ent in housing projects, supported by the Document Source Forestry (DOF). The de termination helps to reduce the illegal logging and demonstrates the commitment of CHEST in tackling environmental problems. Another initiative of the bank is d eploying the solar heating system in the enterprises to households with incomes up to three minimum wages. The estimate is a savings of 30 % in electricity bill s for the resident. The goal is to install 50 000 units this year. The bill also provides for the selective collection, capture and reuse rain water. DIVERSIFIE D PORTFOLIO BOX meets today to all social segments and has a diversified real es tate portfolio. The distribution of the mortgage loan portfolio, about two milli on contracts is 83% in FGTS SBPE 15% and 2% from other sources.In terms of incom e range with FGTS, for example, 41% of contracts are within the range of up to t hree minimum wages, followed by 35% in 3-6 salaries, 18% in 60-10 and 6% above 1 0 salaries. SBPE With funding from the scenario is reversed. The audience gets m ore than 10 minimum wages account for 75% of the portfolio. From 6 to 10 minimum wages, 18%, 3-6, 6% and up to 3 wages, 1%. In terms of age, the distribution is as follows: up to 30 years, 34%, 31-45 years, 45%, 46-60 years, 18% and over 60 years, 3% . SAFE Program My Home, My Life does not provide for the collection o f safe housing, regardless of family income. In case of death or permanent disab ility of the beneficiary, terminate its obligation to pay the monthly installmen ts. Other information: www.caixa.