By Brazil Stock Guide – Brazilian developer Eztec Empreendimentos e Participações SA (EZTC3 BZ) plans to resume launching its own projects under the government-backed Minha Casa Minha Vida (MCMV) housing program, marking a strategic shift after several years focused primarily on mid-high and high-end residential developments.
The company had stepped away from direct participation in the affordable housing segment but recently reentered the market through partnerships. One such project was launched with developer Cury Construtora e Incorporadora SA (CURY3 BZ) in the southern area of São Paulo.
Eztec now intends to move beyond partnerships and develop its own MCMV projects. Chief Executive Officer Silvio Zarzur said the program represents a significant and growing market for housing developers.
“The Minha Casa Minha Vida is a thriving market, and a company of our size cannot stay out of it,” Zarzur said. “Increasing our exposure to this segment is part of our plan.”
The company expects to launch its first standalone project within the program by the end of 2026 or early 2027. The development is projected to have a gross sales value of roughly R$200 million.
According to Zarzur, tax reform discussions in Brazil are also contributing to the renewed interest in social housing developments, as the new framework is expected to offer incentives for affordable housing projects.
The planned move would expand Eztec’s presence in one of Brazil’s most dynamic real estate segments while diversifying its portfolio beyond the premium residential market.
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