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Ministry of Finance: around 10% of land revenue could be used for public rental
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Can be present all over the net income from land transfer arrangements for not less than 10% of the low-rent housing guarantee fund, co-ordination for the development of public rental housing. This morning, the Treasury announced the "income housing project on the use of funds management issues related to notice." Ministry of Finance morning revealed that this year the central government has issued an additional grant funds income housing projects, the focus for public rental housing, subsidized housing projects. The area to the central and provincial financial arrangements of the various types of subsidized housing subsidies allocated as soon as possible. Ministry of Finance said that in order to effectively solve urban middle-income family housing difficulties, from 2010 onwards, the year around to ensure complete protection of low-cost housing under the premise of the task can be the current net income from the land of not less than 10% in the arrangements low-rent housing guarantee fund. Overall funds for the development of public rental housing, including the purchase, construction, reconstruction, lease of public rental housing, loans, interest subsidies, rent of public rental housing to low-rent housing guarantee payment of rental subsidies for families. In addition, from 2010 onwards, low-cost housing throughout the year in the completion of support tasks under the premise of the Housing Provident Fund can be in the provision of low-rent housing, income security funds, co-ordination for the development of public rental housing. Under the existing regulations, the central government special subsidies for low-rent housing guarantee to meet the payment of rental subsidies in the first premise, it can be used to purchase, renovation or lease low-cost housing expenses. Among them, the purchase of low-cost housing to buy existing homes, you can also purchase new homes. To further enhance the central government low-rent housing allowances and capital efficiency, the provincial finance, housing, urban and rural development sector in the region to further define the annual purchase, conversion or low-cost rental housing task. Starting in 2011, the Ministry of Finance, the Ministry of Housing and Urban Construction to issue the relevant areas in the allocation of central budget funds allowances and low-rent housing, not only in the region to consider the task completed year of rental subsidies, but also the year in the region to consider buying, rebuilding, low-cost rental housing task completed. Low-rent housing guarantee the completion of the year under the premise of the task, the same level of financial approval, can the central government low-rent housing allowances and funds for the purchase, construction, reconstruction, lease of public rental housing.
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