{"id":1004075542,"date":"2013-06-05T06:33:49","date_gmt":"2013-06-05T14:33:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004075542"},"modified":"2022-12-08T18:20:22","modified_gmt":"2022-12-09T02:20:22","slug":"brazilian-residential-market-to-get-major-boost-as-jv-to-build-2400-affordable-homes","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/brazilian-residential-market-to-get-major-boost-as-jv-to-build-2400-affordable-homes\/","title":{"rendered":"Brazilian Residential Market to Get Major Boost as JV to Build 2,400 Affordable Homes"},"content":{"rendered":"

By Alex Girda, Associate Editor<\/em><\/p>\n

A joint venture created by Paladin Realty Latin America Investors IV and Constructora Altana recently announced a major investment in Brazil\u2019s housing market. Paladin will begin by building a large amount of new homes in the neighboring area of S\u00e3o Paulo, which will offer a sales value of about $250 million. By the end of its initiative, the JV will have completed an investment of approximately $60 million in the country\u2019s residential market.<\/p>\n

Paladin plans to build around 2,400 affordable homes, developed by the A-PIMA II entity. An earlier A-PIMA platform had been created between Altana and Paladin for a 3,171-unit residential development back in 2009. That development plan called for the construction of eight affordable housing projects and one middle income project, according to real estate website World Property Channel<\/em>.<\/p>\n

According to the same source, Paladin Realty notes that the current JV will include a smaller proportion of homes that are to be included in the MCMV, which stands for Minha Casa Minha Vida, program.<\/p>\n

Minha Casa Minha Vida is the current Social Housing Program created by The Brazilian Government to provide working class Brazilians access to mortgages for the first time in 30 years. Introduced in 2009, $14 billion have been invested in the country\u2019s social housing market through MCMV. The program had initially been introduced to cut Brazil\u2019s serious lack of housing stock, by around 1 million homes.<\/p>\n

Paladin Realty Latin America Investors IV currently has a fundraising goal set for $400 million. Earlier this month, the Board of Directors of the Overseas Private Investment Corporation granted $100 million in financing to the LatAm IV fund. 50 percent of the fund\u2019s available capital is currently invested in the Brazilian real estate market, with other notable markets being Columbia, Peru and Mexico.<\/p>\n","protected":false},"excerpt":{"rendered":"

A joint venture created by Paladin Realty Latin America Investors IV and Constructora Altana recently announced a major investment in Brazil\u2019s housing market.<\/p>\n","protected":false},"author":41,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,16,21742],"tags":[],"class_list":["post-1004075542","post","type-post","status-publish","format-standard","hentry","category-development","category-international","category-latest"],"acf":[],"yoast_head":"\nBrazilian Residential Market to Get Major Boost as JV to Build 2,400 Affordable Homes - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/brazilian-residential-market-to-get-major-boost-as-jv-to-build-2400-affordable-homes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazilian Residential Market to Get Major Boost as JV to Build 2,400 Affordable Homes\" \/>\n<meta property=\"og:description\" content=\"A joint venture created by Paladin Realty Latin America Investors IV and Constructora Altana recently announced a major investment in Brazil\u2019s housing market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/brazilian-residential-market-to-get-major-boost-as-jv-to-build-2400-affordable-homes\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-06-05T14:33:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:20:22+00:00\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brazilian-residential-market-to-get-major-boost-as-jv-to-build-2400-affordable-homes\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brazilian-residential-market-to-get-major-boost-as-jv-to-build-2400-affordable-homes\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Brazilian Residential Market to Get Major Boost as JV to Build 2,400 Affordable Homes\",\"datePublished\":\"2013-06-05T14:33:49+00:00\",\"dateModified\":\"2022-12-09T02:20:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brazilian-residential-market-to-get-major-boost-as-jv-to-build-2400-affordable-homes\\\/\"},\"wordCount\":307,\"commentCount\":0,\"articleSection\":[\"Development\",\"International\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brazilian-residential-market-to-get-major-boost-as-jv-to-build-2400-affordable-homes\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brazilian-residential-market-to-get-major-boost-as-jv-to-build-2400-affordable-homes\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/brazilian-residential-market-to-get-major-boost-as-jv-to-build-2400-affordable-homes\\\/\",\"name\":\"Brazilian Residential Market to Get Major Boost as JV to Build 2,400 Affordable Homes - 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