Net income from land transfer can be used to develop public rental housing

Reporter 16th from the Ministry of Finance, as the central support to accelerate the construction of affordable housing project an important move, the Ministry of Finance, the State Development and Reform Commission, Housing and Urban Construction Department of the three departments have been issued recently, allowing land transfer net income and other multi-channel funds for the development of public rental housing. The three departments are clear in the notice, in order to effectively solve the urban middle and lower income families housing difficulties, from 2010 onwards, all over the years to ensure the completion of the current Low-rent housing security tasks, under the premise that the existing net income from the land transfer can not be less than 10% of the low-cost housing security funds, integrated for the development of public rental housing, including　　New, rebuilt, rented public rental housing, loan discount, to rent public rental housing, low-cost housing to protect the family to grant rental subsidy. At the same time, from 2010 onwards, around the completion of the year's Low-rent housing security mandate, the Housing Provident Fund can be added to the value-added income of low-cost housing security funds, integrated for the development of public rental housing.