Venezuela will subsidize up to 80% of replacement home purchases for families displaced by the June 24 twin earthquakes and has proposed new legal measures to address property and civil claims. Government unveils housing finance plan and legal measures to help families displaced by the June 24 twin earthquakes. Under the proposal, the fund will cover 80% of the purchase price for homes valued at up to $70,000. The Venezuela Renace Fund will subsidize 80% of the value of properties up to $70,000, and families will have access to a loan for the remaining 20%, with a 25-year term. The government said the new financial assistance and legal measures are intended to support families as reconstruction efforts continue.