Deputy Minister of Housing and Urban and rural construction encourages enterprises to invest in public rental

Our News (reporter 翟烜), vice-minister, Deputy Minister of Housing and Urban and rural construction, said in an interview with the People's Daily that in the construction of public rental housing, the government would encourage the development of enterprises to invest and hold public rental property rights, while the Government can directly to the lower income level of the lessee to give appropriate rental subsidy. Vice-Minister said, issued last month, "on speeding up the development of public rental housing guidance" has clearly stipulated that the rights of public housing investors can be transferred by law. and public housing construction, can be composed of three kinds of ways: financial direct investment and the newly established state-owned housing company investment, development enterprises or other institutions as the investment body, the government and the enterprise co-financing, mainly the government input and the state-owned large and medium-sized enterprises in the crisis of old housing reform combined. Among them, the Government will encourage the development of enterprises to invest and hold public rental housing property rights, responsible for public rental housing construction, leasing and maintenance of day-to-day work.　　According to the target responsibility signed by the Ministry of Housing and Urban and rural construction, 370,000 public rental houses will be built this year, and social stock housing will be encouraged for public rental housing. In the guidance opinion, the local government has been asked to increase the investment in the construction and operation of public rental housing, and the people's Governments of the provinces, municipalities and autonomous regions should give financial support. In addition to government direct investment, operating public rental housing, enterprises or other institutions as the main investment of public rental housing, government funds input, subsidies, mainly in two ways. The first category is "Ming bu" lessee. That is, public rental housing can be used in market pricing, by the government to the lower income level of the lessee to give appropriate rental subsidy. Another way of pricing, it requires the construction and operating costs based on the combination of market rents and rental objects of the comprehensive determination, regular adjustment, slightly lower than the market rent level.　　In this case, the Government through the land, taxation, credit and other means of "hidden subsidy". In addition, the guidance has proposed to encourage financial institutions to issue public rental housing long-term loans, expand public rental housing financing channels. This will ease the public rental housing construction of the excessive amount of capital, and low return on the drawbacks of funds.