13 Dec 2012
Venezuela is experiencing a new housing boom. Cranes can be seen dotting the skyline of the capitol, Caracas, from the central district to the outskirts of the city. The new buildings popping up all over the city are part of a state-led housing initiative seeking to revolutionize access to housing and democratize the city's space.
Venezuela's new housing projects are funded by the country's vast nationalized oil reserves. The program, which started in April 2011 has already constructed housing for more than 250,000 families with hopes of constructing three million housing units by 2019.
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