The acting president, Delcy Rodríguez, announced this Saturday the creation of the Great Venezuela Renace Mission, aimed at the recovery of the housing sector in areas affected by the powerful 7.2 and 7.5 magnitude earthquakes on June 24, which caused damage and collapses in hundreds of buildings.
[Death Toll From Venezuela’s Earthquake Rise to 2.954: Acting President Rodríguez Launches Gran Misión Venezuela Renace for National Recovery After Earthquakes](https://www.telesurenglish.net/acting-president-rodriguez-launches-gran-mision-venezuela-renace-for-national-recovery-after-earthquakes/)
“I have decided to create the Great Venezuela Renace Mission, which will include the Barrio Nuevo, Barrio Tricolor missions, and will also incorporate Juntos Todo es Posible and Venezuela Bella,” announced Rodríguez, specifying that the initiative will focus on the recovery of homes affected by the earthquakes. “A great executing arm in terms of housing and infrastructure recovery that will be at the service of this entire process,” she stated.
Rodriguez explained that the plan starts with the creation of an equivalent fund of 200 million dollars for infrastructure construction.
The acting head of state spoke of a fund that is blocked, “in the International Monetary Fund and other financial entities in the world.” This fund—she said—”will be named Venezuela Renace” for the reconstruction and recovery of the affected areas.
She reported that, for this initiative, his office established contact with the nation’s public and private banks to activate the mortgage portfolio with a significant level of subsidy.
#ENVIDEO | La presidenta encargada de Venezuela, Delcy Rodríguez, anunció este sábado la creación de la Gran Misión Venezuela Renace, un plan integral orientado a la recuperación del sector vivienda en las zonas devastadas por los terremotos de magnitud 7.2 y 7.5 que sacudieron… pic.twitter.com/pGuZbGEh4y
— teleSUR TV (@teleSURtv) July 5, 2026
“We have defined that the financing program will be established with a monthly allocation for the next six months, in order to allow a permanent income contingency for the most affected people.” He also added, “we have established with public and private banking to activate the mortgage portfolio with up to 80% subsidy.”
Rodriguez added that all tax rates related to registrations, rentals, and real estate purchases will be exempt as stressed that the prohibition of exporting “materials related to construction” has been decreed.
In addition, Rodriguez reiterated that the most important thing is the immediate attention of the people who, “unfortunately, suffer deep pain due to the loss of family members, material losses, and homes.”
“Venezuela is entering a recovery process: infrastructure recovery, housing recovery. The Presidential Commission is actively there, verifying, house by house, whether the place is habitable or not,” she said, adding that in the case of homes that require repair, “this financing fund has been activated, through the bank, for purchase, for repair.”
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