Special social housing policy: Mechanism for determining selling price and rental price

This Resolution will take effect from June 1, while the contents specified in detail by the Government will take effect from July 1.

Establishment of the National Housing Fund

This special resolution includes many breakthrough provisions. Notably, the establishment of the National Housing Fund, an extra-budgetary state financial fund, operating not for profit. This fund has legal status and is established at both the central level (by the Government) and the local level (by the Provincial People's Committee).

The main objective of the Fund is to focus on forming a housing fund for rent. This is expected to save land resources and allow many subjects to use the housing fund in rotation, ensuring to solve the need for stable and long-term housing for those who cannot afford to buy social housing.

The Government's report points out that currently, most of the rental housing funds from businesses are often sold after a period of time, lacking stability for tenants.

Specific social housing policies: What matters for the future?

New policy simplifies investment process

For social housing projects and housing for armed forces that do not use public investment capital, the Resolution allows the assignment of investors and approval of investment policies at the same time without going through bidding.

Regarding detailed planning, if the land does not have or needs to adjust the approved detailed planning, it will not be necessary to carry out the procedures for establishing, appraising, approving, and adjusting the detailed planning tasks. Regarding construction investment procedures, social housing projects do not need to appraise the feasibility study report at the specialized construction agency.

Instead, the investor or investment decision maker will organize the appraisal and approval of the feasibility study report and be responsible for ensuring compliance with construction laws.

Mechanism for determining selling price and rental price of social housing

The investor will build the price himself or hire a consultant to appraise it based on the method of determining the price and the standard profit. The price determination can be done in stages, periods or the entire project.

After the project is completed, the investor must conduct an audit, finalize the costs and send them to the specialized agency under the provincial People's Committee for price verification. A notable point is that if the audited and finalized price is higher than the contracted price, the investor is not allowed to collect the difference from the buyer/lessee. Conversely, if it is lower, the investor must refund the difference.

The resolution also clarifies housing conditions to receive support policies. The beneficiaries of the policy are those who work far from their place of residence.

Specific conditions are never having purchased or rented social housing, never owning a house or having a house but it is far from the workplace.

The responsibility for specifying details regarding housing far from the workplace belongs to the Provincial People's Committee based on the actual conditions of the locality.

These are policies that are expected to create a strong push, solve the housing problem for people, and contribute to economic stability and development.

Source: https://baonghean.vn/chinh-sach-nha-o-xa-hoi-dac-thu-co-che-xac-dinh-gia-ban-gia-thue-10298534.html