blockchaingamesbest| If land is purchased for affordable housing projects, financial support can be provided through special local government bonds

Liu Guohong, Vice Minister of Natural Resources: Purchasing land for affordable housing projectsblockchaingamesbestFinancial support can be provided through local government special bonds

On May 17, the State Council Information Office held a regular briefing on State Council policies. Liu Guohong, deputy minister of the Ministry of Natural Resources, said at the meeting that the acquired land can be used to build affordable housing, and can also be used to build public supporting service facilities and improve supporting conditions for surrounding houses. For those who purchase land for affordable housing projects, financial support can be provided through special local government bonds. For those who purchase already completed commercial housing and purchase existing land for the construction of affordable housing, they can enjoy preferential tax policies for affordable housing in accordance with existing regulations after confirmation by the municipal and county people's governments.

Ministry of Natural Resources: If idle land is recovered for affordable housing projects, local special debt can be supported

[Dahecai Cube News] On May 17, Liu Guohong, Vice Minister of Natural Resources, introduced at a press conference held by the State Council Information Office that the Ministry of Natural Resources is preparing to introduce policies to clearly support local governments in recovering idle land that companies are unable to continue developing at reasonable prices., or acquiring land that has been auctioned in judicial and bankruptcy auctions. After these land is recovered and purchased, it will be used to build affordable housing. It can also be used to build public supporting service facilities and improve supporting conditions for surrounding houses. There are many supporting measures in specific policies.

The first is to increase financial support. Establish a sustainable financial guarantee mechanism. Financial support can be provided through special local government bonds for recovered or purchased land used for affordable housing projects.

The second is to provide tax support. For those who purchase already completed commercial housing, as well as recover and purchase existing land for the construction of affordable housing, after confirmation by the municipal and county people's governments, they can enjoy preferential tax policies for affordable housing in accordance with existing regulations.

The third is to simplify the work process. For purchasing completed commercial housing or recovering or purchasing existing land for affordable housing, the municipal and county governments agree to allocate land when approving the recovery, and implement "recovery-supply" in parallel. The nature of the land use right rights can be changed and registered as allocated land according to the approval document.

At the same time, the policy also stipulates clear requirements for local governments that land recovery and purchase should be carried out within their capabilities, and the balance of revenue and expenditure of the project should be considered as a whole to not increase the risk of hidden government debt.

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