Venezuela wants to finance its digital currency Petro to build 3 million homes for its suffering population.
The project is called as “Great Housing Mission”.
The Venezuelan Ministry of Housing is now joining forces with other government institutions to revive a state-sponsored program focused on the building of new apartment blocks for the masses.
The program which was termed the Gran Misión Vivienda Venezuela (GMVV) is expected to get funded using the country’s national cryptocurrency— Petro.
The housing minister of the country, Ildemaro Villarroel has invited both state-run and private companies during the first housing meeting to help provide adequate support for the revived project.
Villarroel made it clear that making use of the Petro to finance the project will greatly help with the consolidation of the economic independence of Venezuela.
He also made it clear that the financing of the Gran Mision Vivienda Venezuela (GMVV) is within the budget of the country and materials required for the completion of 3 million housing units by the end of this year is also available.
It was also confirmed that the distribution of newly constructed houses will commence immediately the construction is over.
Apart from professionals, young people and senior citizens, who are a top priority, all other Venezuelans will have equal access to getting a house.