One of the biggest affordable housing communities in North East Brazil, Bosque Residencial, is really living up to its name.
Bosque means ‘forest’ and developer EcoHouse, one of the fastest-growing real estate companies in the world, is making sure the community, built under the government’s Minha Casa, Minha Vida, (My House, My Life) programme,is also one of the greenest.
For every tree lost during clearance and construction work on the site, it is planting two more and it is also establishing two trees - one mature and one baby Neem - for each of the 2,200 homes at Bosque Residencial.
The initiative, carried out in conjunction with the Trees for the Future charity (www.treesforthefuture.org) means that around 4,500 new trees will be established on site.
Minha Casa, Minha Vida (MCMV) is a Government scheme aimed at providing much-needed houses for the Brazil’s low and middle-earners. For the majority, MCMV is the only way that they are able to afford housing for which there is a desperate need. According to the United Nations, 50million people live in slums in Brazil.
Those who meet MCMV criteria are offered cut-price mortgages through national banks .Dean Bissessar, Chief of Operations for North America, explains, “The people are able to get five per cent mortgages and thirty-year amortisation for the first time in their lives. That has created a huge demand for housing and the absorption rates we are seeing are phenomenal.”
Bosque Residencial has a wide range of community and sporting facilities that are not normally provided in similar developments. It features an on-site primary school, shopping centre, child day care centre, police station, offices and more.
Special attention is also paid to facilities that promote health and exercise for residents, including a health centre, leisure club with tennis/basketball courts and cycle paths.
The two-bed, one bathroom homes in Bosque Residencial’s secure, gated community are built of the finest materials and top-quality fixtures and fittings.