The word is instauration. Pronounced \in-staw-REY-shuhn\. This word is a noun, and is defined as
Renewal; restoration; renovation; repair.
Used in a sentence: As we struggle with our humanity, we tend to err; sometimes at great levels, yet God has consistently shown understanding and compassion by providing us with instauration at our most broken moments.
(Psalms ch.51: vs.6-12)