Luis da Silva, newly re-elected leftist president of Brazil, has announced plans to revive the housing finance program he created during his prior term as a key pillar of his new administration goals. There is a currently estimated housing deficit of more than five million homes in Brazil. "We will resume Minha Casa, Minha Vida (My House, My Life), with priority for low-income families, and bring back the social inclusion programs that lifted 36 million Brazilians out of extreme poverty," said da Silva, also known as Lula, during his campaign speeches. The program targeted low- and middle-income families. The Brazilian gross domestic product per capita is just over $7,500 per year.
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