The Daily Journal — Acting President Delcy Rodríguez announced the launch of an emergency mortgage program as part of a broader package of economic measures to address the aftermath of the June 24 earthquakes. The program will provide subsidies covering up to 80% of eligible financing.
Rodríguez said the government will implement the initiative in coordination with the country’s financial sector.
“We have already established contact with both public and private banks to activate the mortgage program, with subsidies of up to 80%,” she said.
Government to waive real estate taxes and fees in affected areas
The government also announced a policy to fully waive taxes and fees on real estate transactions in the affected areas.
According to Rodríguez, “all taxes and fees associated with property purchases, rental registrations, and real estate records will be waived.”
Earlier, Rodríguez announced the creation of an initial $200 million reconstruction fund to finance the recovery of the areas affected by the June 24 earthquakes. She said the government expects to obtain those resources through funds that Venezuela is seeking to recover from the International Monetary Fund (IMF).
