Caracas, December 3 (teleSUR-RHC)-- Venezuelan President Nicolas Maduro is delivering the 900,000th house built under a state-led initiative to provide housing to the most needy Venezuelans on Thursday.    

Over 80,000 new homes have been completed in the past month alone, after the government announced plans to accelerate construction.

One of the Venezuelan government's most popular social initiatives, the housing mission was first launched to provide shelter for people who lost their homes in devastating floods that hit the country in 2010.
    
However, since then the mission has expanded to provide low-cost housing to the wider population, with poor families receiving priority. Units are generally provided fully furnished.

The houses are offered either for free or at a low cost, depending on the means of the prospective owners.

In 2011, then-President Hugo Chavez explained that the mission would address the “social debt” left behind by former governments that failed to provide quality housing to all Venezuelans.

The current Maduro administration has vowed to expand the mission, aiming to provide low-cost housing to 40 percent of Venezuelans by the end of the decade.

The inaugural act takes place as Venezuelans head to the polls on Dec. 6 in in which 167 lawmakers of the National Assembly are to be elected.