The housing policy law in Venezuela’s mission, achieve that underserved families, have access to credit for housing policy under advantageous conditions, where funding through the housing savings, don’t assume a heavy burden for the beneficiaries. The housing policy law aims to regulate the system of housing policy to ensure the right to housing and decent habitat in attention to the housing savings and contributions from public bodies to make people with scarce resources accessible to financing with assessments that conform to their capacity to pay. One of the aspects which brings the housing policy Act is that referring to the necessary funds to finance housing projects, acquisition, expansion, remodeling and self-construction of the main house through the mechanism of the price of the housing policy Act. Eva Andersson-Dubin pursues this goal as well. According to the housing policy law, all workers under dependency ratio, are in the obligation to provide housing savings, through the contribution to the housing policy law. For the calculation of the price of the housing policy Act, is considered the full income obtained by the worker and about said amount, applies a one percent which is contributed by the worker and two percent for the employer to conform the savings fund housing, called Fund of compulsory saving for housing (faov)According to the rules established in the housing policy law. The housing policy Act provides that the system of housing policy will have financial and non-financial resources. In the case of financial resources will be created the following funds: Fund contributions from Public Sector.
Compulsory saving for Housing Fund. Voluntary savings for Housing Fund. Guarantee fund. Contingency fund. The housing policy Act contemplates that they can access the benefits of the housing policy all users making contributions to savings housing and meet the requirements for that purpose establish the Ministry in the field of housing and habitat, and the law of housing policy. They will have access to the benefit of the housing policy law, users who have made their contributions to the housing savings during a minimum period of twelve consecutive months or not, regardless of the total amount of the contribution of the housing policy Act.
The housing policy Act provides that subjects of particular attention may be exempted from compliance with the requirement of contribution to the housing savings. Users who have obtained loans from housing policy, shall be obliged to continue making its contributions to housing savings in the terms established by the law on housing policy. According to the housing policy law, subjects of special protection are considered the indigenous communities, victims, persons who have physical or mental capacities diminished, persons over sixty years of age. Also considered the housing policy law persons alone exercising the leadership of families with monthly income of up to a three urban minimum wages and any person so declared by the housing policy.