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Proposing to spend VND3,000 billion to rescue 206 social housing projects delayed

Proposing to spend VND3,000 billion to rescue 206 social housing projects delayed

Ministry of Construction has just sent a letter to the Prime Minister on the proposal to supplement credit capital for social housing. Accordingly, the ministry proposes to add VND3 trillion of social housing loans to ease the 206 projects that are stuck.

Project progresses due to “hungry” budget funds

According to the Ministry of Construction, social housing development is only about 30% of the target set in the national housing development strategy up to 2020 with a vision to 2030. The development of social housing is still very slow, with many difficulties and obstacles.

Customers call for help at the Bright City social housing project
Customers call for help at the Bright City social housing project

Explaining the situation, the Ministry of Construction said that due to the budget allocated to the Bank for Social Policies in the period 2018-2020 is 1.262,069 billion / 9.000 billion only meet about 13% as requested.

In 2018, this bank was only allocated VND500 billion but has not been disbursed until now. According to the regulation, with the capital allocated 500 billion, the Social Policy Bank only mobilized VND500 billion to implement social support policies and only loans to households and individuals. (the project owner can not borrow money from this project).

Meanwhile, the source of funds to subsidize interest rates for credit institutions to implement social housing policy has not yet been arranged.

In addition, there is no capital to continue lending after the VND30 trillion credit package as stipulated in Resolution 02 / NQ-CP dated 7 January 2013 by the Government has disbursed all at the end of December 2016 .

206 social housing projects “cover projection”

Local reports show that there are currently 206 social housing projects with a construction size of about 168,700 apartments, total area of ​​about 8,435,000 m2 is delayed or suspended construction. Some of the developers of social housing projects are in demand of converting to commercial housing projects; The number of social housing completed, put into use in recent times very limited.

Bright City
Bright City (Hoai Duc, Ha Noi) has had to make many projections due to lack of capital.

In addition, the authorities in some localities have not paid attention to the development of social housing, investors have not actively investing in the construction of small-sized, low-cost housing; The structure of housing supply is unbalanced, poor households, low incomes are not qualified and conditions to improve housing.

According to the Ministry of Construction, the inability to allocate budget capital to implement the social housing support policy in accordance with the Housing Law of 2014 and the Decree No. 100/2015 / ND- CP dated 20/10/2015 of the Government on the development and management of social housing is the main reason.

Proposing to spend VND3,000 billion to rescue 206 social housing projects delayed

Over the past time, the Ministry of Construction has received some comments from National Assembly deputies, local authorities, enterprises … suggesting that the State allocate budget support from the State budget soon. The law of housing to continue lending to remove difficulties for social housing projects are jammed.

At the same time, soon, the poor, low-income people and industrial park workers will be provided loans to buy and rent social houses.

Ministry of Construction shall propose the Government and the Prime Minister to direct the Ministry of Planning and Investment to sum up and report to the National Assembly Standing Committee for consideration and supplementation of the 2016-2020 public investment plan for implementation. social housing book.

Accordingly, Ministry of Construction proposed to supplement the VND3,000 billion to the Bank for Social Policies for implementation in the period up to 2020. Spending VND3,431 billion granted to credit institutions at the request of the State Bank of Vietnam Vietnam to cover lending interest rates in 2018.

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Proposing to spend VND3,000 billion to rescue 206 social housing projects delayed
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