The Ministry of Housing and Urban Development continues to provide social support in the housing sector, offering vouchers to assist people in need with purchasing property.
The application period for the Rental Subsidy ends in June. Those who pay rent can apply for this subsidy, which offers over 6 million pesos in total benefits.
Additionally, the Ministry of Housing and Urban Development provides three significant subsidies for the purchase of homes. We will provide more details below.
Minvu subsidies for home purchases
Regarding the purchase of a property or house, The Ministry of Housing and Urban Development offers three benefits: the DS1, DS19, and DS49 Subsidy.
Subsidio DS1
- Intended for families who do not own property, with savings and the ability to supplement payments with their own resources or through a Mortgage Loan.
- They will be able to access this benefit to acquire a house or apartment, whether it’s new or used.
- The subsidy can be used to buy a new or used home of up to 1,100 UF ($41,300,171).
- The limit will be 1,200 UF ($45,054,732) in the regions of Arica and Parinacota, Tarapacá, Antofagasta, Atacama, Aysén, and Magallanes. The provinces of Chiloé and Palena are included, as well as the communes of Easter Island and Juan Fernández.
- A minimum savings of 30 UF ($1,126,368) in the housing savings account must be accredited.
- Check the details on the Chile Atiend portal and on a new application period.
DS19
- Social and Territorial Integration Program for individuals to acquire their first home with state support, in well-located neighborhoods and close to services.
- Beneficiaries must go to the real estate agencies in person or those assigned to this benefit.
- Usually, these real estate agencies will advertise their participation in the DS19 benefit when purchasing a home.
- You must have a housing savings account with a minimum amount of 100 UF ($3,754,561).
- It is not necessary for the account to be old.
- You must own labor Old for 12 months.
- You should not be in DICOM.
DS49
- It allows the purchase of a home built of up to 950 UF ($35,668,329).
- It is granted to families who do not have housing or live in a situation of social vulnerability.
- The subsidy allows the acquisition of a new or used house or apartment without a mortgage loan in urban or rural areas.
- It has a base of 314 UF ($11,789,321). It can be completed with personal savings and complementary subsidies.
- You must have a minimum of 10 UF ($375,456) in the housing savings account.
- Your grade on the Social Household Registry (RSH) must be a maximum of 40%.
Minvu Subsidies for Home Purchases in Chile: A Comprehensive Guide
The Ministry of Housing and Urban Development (Minvu) in Chile plays a crucial role in providing social support in the housing sector. They offer various subsidies to aid individuals and families in acquiring their own homes.
This article will delve into the three main subsidies offered by Minvu for home purchases: DS1, DS19, and DS49. We’ll explore the eligibility requirements, benefits, and key aspects of each program, empowering you with the knowledge needed to navigate the homeownership journey in Chile.
Subsidio DS1
The DS1 subsidy is designed for families who do not currently own a property and possess savings that can supplement their home purchase. This subsidy enables them to acquire a new or used house or apartment, whether it’s located in urban or rural areas. Let’s explore the key features:
- Target Audience: Families without prior property ownership, with savings to complement the purchase.
- Benefits:
- Assists in acquiring new or used homes.
- Covers properties up to 1,100 UF ($41,300,171) in most regions.
- Extends to 1,200 UF ($45,054,732) in specific regions: Arica and Parinacota, Tarapacá, Antofagasta, Atacama, Aysén, and Magallanes, including the provinces of Chiloé and Palena, as well as Easter Island and Juan Fernández.
- Eligibility Requirements:
- Minimum savings of 30 UF ($1,126,368) in a housing savings account.
For detailed information on DS1 and its application process, visit the Chile Atiende portal at https://www.chileatiende.gob.cl/fichas/19094-ds-1-tramo-1-subsidio-habitacional-para-comprar-una-vivienda-de-hasta-1-100-uf.
DS19: Social and Territorial Integration Program
The DS19 program focuses on enabling families to acquire their first home within well-located neighborhoods, promoting social and territorial integration. It offers state support to facilitate access to housing close to essential services.
Here’s a breakdown of the DS19 program:
- Target Audience: Families aiming to purchase their first home, seeking state assistance for well-located properties.
- Benefits:
- Grants access to homes in desirable neighborhoods with proximity to services.
- Eligibility Requirements:
- Must visit real estate agencies in person or those specifically assigned to the DS19 benefit.
- Minimum savings of 100 UF ($3,754,561) in a housing savings account, regardless of the account’s age.
- Must have 12 months of continuous employment.
- Not be listed in DICOM (Chile’s credit bureau).
Real estate agencies participating in the DS19 program usually advertise their involvement when offering homes for sale.
DS49: A Subsidy for Vulnerable Families
The DS49 subsidy caters to families who lack housing or are experiencing social vulnerability. It provides financial assistance to acquire a new or used home without the need for a mortgage loan.
- Target Audience: Families without housing or facing social vulnerability.
- Benefits:
- Enables the purchase of new or used homes, including apartments, in urban or rural areas.
- Requires no mortgage loan.
- Offers a base subsidy of 314 UF ($11,789,321) that can be augmented with personal savings and complementary subsidies.
- Eligibility Requirements:
- Minimum of 10 UF ($375,456) in the housing savings account.
- Social Household Registry (RSH) grade of 40% or lower.
This comprehensive guide outlines the key attributes of Minvu’s housing subsidies in Chile. By understanding the eligibility requirements and benefits of each program, individuals and families can make informed decisions towards achieving their homeownership goals. Remember to consult official resources from Minvu and Chile Atiende for up-to-date information and specific program details.
