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Venezuela meet housing target despite US sanctions

VENEZUELA has officially met its goal of building three million new homes for poor and working-class people, the government announced at the end of last week.

The free or low-cost housing units have been created since late President Hugo Chavez came to power in 1999.

The goal has been achieved despite attempts by the US to strangle the Venezuelan economy through targeted sanctions and the imposition of a virtual trade embargo earlier this year.

Speaking at a ceremony, President Nicolas Maduro said: “Despite the [US] economic war, the blockade and imperialism’s financial persecution — which have robbed so many resources from us [in] 2019 — the construction did not stop.”

He said the Bolivarian government would now aim to build a total of five million new housing units by 2025.

At least 70 per cent of the two million new homes are to be made by the people in the community that will live in them, with materials provided by the government.

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