Venezuela Half-Way Done With Chavez’s Dream: 3 Million New Homes

Venezuela Half-Way Done With Chavez’s Dream: 3M New Homes

Hugo Chavez set the goal of building three million homes for the country

The public housing program is innovating for requiring its inhabitants to self-organize in order to complete construction and pay back the state loan.

Venezuela reached the halfway point of its goal to build three million homes for poor Venezuelans this week, the only program of its kind and one of the government’s most successful ones.

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Created in 2011 by Hugo Chavez, the nine-year program is being attacked by sectors of the opposition as a waste of public funds. The public housing program is either free or low of cost, depending on the family’s means.

The mission was first launched to provide housing for Venezuelans who lost their homes in the devastating 2010 floods. However, since then the GMV has been expanded to provide low-cost housing to the wider population. In 2011, then-President Hugo Chavez explained the mission would address the “social debt” left behind by former governments that failed to provide quality housing to all Venezuelans.

WATCH: Venezuela: Housing Program delivers 1 Millionth Home


The project aimed to involve Venezuelans in the process as much as possible, with homeowners responsible for 60 percent of town planning.

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