Let's see how this works out:
50K "homes"/363 ac. = 137.741 "homes"/ac.
43,560 sf.(one acre)/137.741 = 316.25 sf. per "home"
About the size of a modest living room not including walkways, setbacks, access, yards (hah!), fencing, roadways, streets, right of ways, utilities etc.
Of course they will stack them to make them more accommodating. I presume their version of public housing is not too different from ours.
They're gonna look like stalinist housing projects, bleak, gray, tall, mass-produced, rain-stained and ugly, the vile kind endemic to all communist regimes.
Meanwhile, Miguel at Devil's Excrement and Daniel at Venezuela News have some informed new commentary about this expropriation here:
http://blogs.salon.com/0001330/2006/08/29.html#a3021
and
http://daniel-venezuela.blogspot.com/2006/08/golf-course-wars.html