Venezuela is degentrifying! Awesome.
Caracas, Venezuela -- Mayor Juan Barreto announced late Tuesday that the municipal government planned to seize two elite country clubs and redevelop them as low-income housing projects.
The Hugo Chavez government has targeted 4 million acres of farmland for seizure and redistribution this year to poor farm cooperatives. In Caracas, the takeover is prompted by a housing shortage and is permitted under the Chavez land law passed in 2003, which gave the government sweeping new powers to seize property that it deemed idle, misused, illegally acquired or not contributing to "social goals."