[photopress:housing_affordable_houses.jpg,full,alignright]National guidelines on economically affordable housing have been along with new State measures on housing for low-income families.
According to the the guidelines jointly released by the Ministry of Construction, the National Development and Reform Commission, and five other ministries, economically affordable houses ought to be around 60 sq m per unit.
It said eligible purchasers will ‘have limited property rights’, and that the apartments can only be directly sold after five years.
The document limited fundraising for co-operative housing units to independent mining corporations on the outskirts of cities and enterprises with a significant number of employees with housing problems.
Eligible applicants of the Measure on Low-rent Housing Security, meanwhile, are no longer limited to city households with the lowest income, but will also include all lower-income urban families with housing issues.
Government subsidies, the usual means of securing housing for these social groups, are to be gathered from rental fees on low-rent housing, credit risk reserves, housing provident funds, social donations and security funds. Local governments must also spend 10% of the local land-use fees on developing low-rent housing.
The construction area of these apartments, limited to 50 sq m per unit, should be granted preferential status on a stand-alone basis in land supply schemes and annual land-use applications.
According to the People’s Daily reported despite a record RMB7.04 billion ($9.52 million) of central government investment in low-income housing so far this year, RMB50 billion is needed every year for the next five years to continue to broaden coverage.
Source: China Daily