Venezuela Offers Subsidized Mortgages to Earthquake Victims

Venezuela · Economy Key Facts Bank rollout Banco de Venezuela, Banco Digital de los Trabajadores (BDT) and Banco del Tesoro are the first three authorized lenders. Subsidy tiers Homes up to US$70,000 get an 80% state subsidy; homes between US$70,000 and US$100,000 get a 50% subsidy. Loan terms The remaining balance is financed over 25…