Preferential interest rates will remain stable for the payment of residencies of the Great Mission Housing Plan
Caracas, January 20 - AVN.- Minister of Habitat and Housing, Manuel Quevedo, said preferential interest rates for the payment of housing units of the Great Mission Housing Venezuela (GMVV) will remain at the same level same this year, an in addition they will prevent the alteration of the final price of any unit by any mechanism. “Preferential interest rates ranging between 4.6 to 8.6 percent depending on the income capacity of each Venezuelan family, and has a time period of 30 years to pay back the loan received, (...) the access to credit schemes is maintained for the expansion of the property, plans on equipment of fixed assets, appliances, furniture and chattels” he commented at a press conference this Tuesday at the headquarters of Petroleos de Venezuela in La Campiña, in Caracas. At the same time, he said that to this day the GMVV has delivered 1.200.802 homes across the country since its inception in 2011. This year, they plan to build 508,000 units and rehabilitate the same amount through the Mission Barrio Nuevo, Barrio Tricolor (Gmbnbt). Quevedo also stressed that he “the conditions of full or partial subsidy of families who were living in shelters will remain” and that he “considers indefeasible property of the Venezuelan family for being considered as a main residence, and for this they have tax prerogative, in the order of succession, to the descendants”.
In this regard, he informed that GMVV culminated and delivered 65 of the 87 urbanisms assisted by the National Government as a scam has been evidenced, by real estate companies, against families who had paid their money to the administration of these housing developments. "Of the 28,543 houses, the 24,526 have been completed and delivered, which represents a total of 85.9% (...) The extent of the government intervention was due for the enforcement of the mechanism of monetary restatement, (...) and misleading offers and delays in delivery of public works that were done against our people�, he said. Similarly, he reaffirmed the commitment of the Public Bank to continue providing credit, which last year financed 80%, 113,000 million Bs., a capital that was intended for the construction and reconstruction of houses across the country.