Ministry of Finance: Special Funds for Housing Rental Market

Recently, the Ministry of Finance issued the Regulations on the Management of Special Funds for Urban Affordable Housing Projects under the Central Finance, which include the guarantee of public rental housing and the renovation of urban shanty towns, the renovation of old residential districts and the development of housing rental market.

Public rental housing security and urban shantytowns transformation. Includes on-line coatingol.com, which is used to distribute rental subsidies to eligible urban housing security families in the market for rental housing. Expenditure for new (rebuilding, allocation, purchase) public rental housing in kind. Expenditures for levying compensation, resettlement housing construction (purchase) and related supporting infrastructure construction in urban shantytown renovation projects. Old residential area transformation. Mainly used for the construction and transformation of supporting infrastructure and public service facilities, such as water, electricity and gas in residential areas, the renovation of public housing areas in residential areas, energy-saving renovation of buildings, and support the conditional installation of elevator expenditure. The development of housing rental market. Mainly used for multi-channel financing of rental housing resources, building housing rental information services and regulatory platforms and other related expenditures on the development of the housing rental market.

The method is clear. The development funds of the housing rental market are allocated by competitive evaluation. During the demonstration period, the standard of special funds is determined according to the city scale. Among them, the municipality directly under the Central Government has 1 billion yuan per year, the provincial capital cities and cities with separate plans have 800 million yuan per year, and the prefecture-level cities have 600 million yuan per year, with a demonstration period of three years.