GOB Gets US$10 million from Venezuela for Housing Loans

And a major part of that drive to election is US10 million from the Venezuelan government. Government statements have said the money is for housing programs – and all indications are that for the next month, money will be flowing from that department. 7NEWS has obtained a public service memorandum which requests a temporary attachment of clerks at the Ministry of Housing to disburse home improvement loans and grants. The memo says that the attachment is effective immediately and will last only three weeks.

In the early days of the Musa administration’s first term, when securitization proceeds were flowing, home improvement loans – for which there is no accounting required – were a major means of patronage kickbacks.