The Government approved the project of 1 million social housing apartments

The Government has set a target that by 2030, the total number of social housing apartments in localities will be completed at 1.06 million units. In which, in the period of 2021 – 2025, about 428,000 apartments will be completed; In the period of 2025 – 2030, about 634,200 apartments will be completed.

Deputy Prime Minister Tran Hong Ha has just signed on behalf of the Prime Minister the project “Investing in building at least 1 million social housing apartments for low-income people and industrial park workers in the 2021-2030 period.” “. The scheme takes effect from April 3.

According to the scheme, over the past time, the real estate market, businesses have encountered many difficulties; purchasing power and liquidity dropped sharply, lack of cash flow; The lack of housing supply is associated with an unreasonable housing product structure. Excess products, high-end segment while lacking affordable housing, especially lack of housing for workers, social housing.

Notably, house prices increased continuously beyond the financial ability of the majority of people; Real estate transaction volume and liquidity dropped sharply in the third quarter of 2022 and has shown signs of calm and “freezing” so far.

The investor can decide the selling price, hire purchase price
Regarding solutions, to promote the development of social housing and worker housing in the coming time, the Government will continue to perfect the legal institution on social housing.

Study and develop a draft Resolution of the National Assembly piloting a number of policies to promote the development of social housing and amend the Housing Law 2014 in sync with the revised Land Law, the revised Bidding Law…

Specifically, on setting aside the land fund for social housing and housing for workers, it is amended in the direction that when making and approving the master plan, the land area reserved for construction of social housing in the locality must be clearly defined. provincial and district level tables; secure land fund; supplementing regulations on planning and arrangement of land fund for development of worker accommodation…

Regarding credit for social housing development, it is determined that this is an investment item in the medium and long-term capital of the locality.

In the immediate future, focus on coordinating with the State Bank of Vietnam to implement a credit program of about VND 120,000 billion and specific credit packages for investors and homebuyers of social housing projects. , housing loan workers. Interest rates are about 1.5 – 2% lower than average medium and long-term lending rates of state-owned commercial banks (including Agribank, BIDV, Vietcombank, Vietinbank).

Amending and supplementing regulations on incentives for investors to be more substantive, in the direction that 20% of the commercial land area in social housing projects is accounted separately, not in the whole project. judgment; reasonable and valid expenses in the process of investment and business in social housing are included in the cost.

In addition, amending the regulation that “social housing projects must reserve at least 20% of the social housing area in the project for lease and the investor may only sell it after 5 years of being put into use” in the direction of: investors are not required to set aside housing funds for rental. The business plan (sale, lease, lease purchase) is decided by the investor.

With the selling price, rental price, and rental-purchase price of social housing, the project investor is entitled to determine the price and is responsible for reporting it to the provincial housing management agency. Provincial-level People's Committees are responsible for appraising and approving sale, lease, and lease-purchase prices; at the same time, supplement regulations on the principle of adjusting the selling, leasing, and lease-purchase prices of social housing in case of an increase or decrease in the total investment in social housing projects.

Who can buy social housing?
Beneficiaries of the social housing policy include: workers, laborers, and experts working at enterprises in industrial parks, industrial clusters, export processing zones, and high-tech parks (hereinafter collectively referred to as the “high-tech zones”) is an industrial park) and a manufacturing enterprise in an industrial park; has its own policy mechanism to develop the type of accommodation for workers to rent. Additional beneficiaries are businesses that buy, rent, or lease-purchase social housing for employees at the unit they rent.

With different types of social housing projects, including social housing areas and social housing urban areas: supplementing regulations on the form of development of worker accommodation and housing for the armed forces.

According to the Ministry of Construction, to ensure the goal of social housing development by 2030, about 849,500 billion VND is needed, mainly from socialization capital. Therefore, it is necessary to focus and prioritize credit to lend to social housing projects, housing workers to ensure social security work.

The Ministry also proposed planning and arranging social housing projects, housing for independent workers in suitable, convenient, large-scale locations with adequate technical and social infrastructure. associations, especially big cities like Hanoi, Ho Chi Minh City, Da Nang, Can Tho, Hai Phong…

Mai Hà