Ho Chi Minh City dedicates 2 hectares land for businesses to build social housing

HCMC People’s Committee has approved the policy of using land in Vinh Loc B commune, Binh Chanh district with an area of ​​13.449m2 and land at 1 / 180A1 neighborhood 5, Nguyen Van Qua street, Dong Hung Thuan ward, District 12

According to HCM City Department of Construction, there are 480,000 households in Ho Chi Minh City who do not live in or live with their parents or relatives. Of which nearly 80,000 are cadres, civil servants and officials. 13,000 displaced households in urban refurbishment projects do not have enough compensation or compensation to buy commercial houses and about 300,000 migrant households have demand for social housing.

Ho Chi Minh City dedicates 2 hectares land for businesses to build social housing

Therefore, in the 2016-2020 period, HCM City will continue to invest in the construction of 39 social housing projects with a land area of ​​140.41ha with the scale of over 44,700 units, striving to complete about 30,000 units. There are 8 projects started with more than 4,200 units, 12 projects have approved nearly 12,000 investment and 19 projects have investors or investment policy.

To achieve the set targets, the Department of Construction proposed the People’s Committee of Ho Chi Minh City People’s Committee assigned districts to review the land fund to adjust the planning, clean land fund to build social housing for rent.

At the same time, it allows swap of public land fund with the area of over 1 ha to be leased to social-owned houses for lease to those who are not eligible for social housing urban renovation projects or relocation along canals.

The Department of Construction also advises the City People’s Committee to recommend the Government to implement a preferential loan policy for enterprises to invest in the development of social housing. Adjust the interest rate for the purchase of social housing 3-3.5% / year, the minimum loan period is 20 years, the grace period from 6 months to 3 years that the borrower has not paid interest.

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