Real estate business will set up special fund to build affordable housing

The programme has been initially formed, will be reported to the Federation of Trade and Industry and the competent departments to communicate "Caixin network" (reporter Zhang Yanling) in order to ensure the construction of affordable housing funds and land, Caixin reporter learned that the Chamber of Commerce and Industry is leading the development of the program, the formation of a large real estate developers　　Earmarked for the construction of public rental housing.　　October 11, 2010, in the theme of "Speed up the construction of affordable housing, promote the healthy development of the real estate market," the economy of China's international economic exchange monthly talk, the President of the Chamber of Commerce and Industry, Niemesen, said the plan has been preliminarily formed, will be reported to the National Federation of Commerce and Industry and the In 2010, the Chinese government asked the country to build all kinds of affordable housing and shanty towns to transform housing 5.8 million sets, the central subsidy special funds 69.2 billion yuan in June all issued. But because the local government has been in the wait-and-see attitude, protection of housing construction mixed.　　At the beginning of September, the Ministry of Housing and Construction requested that all projects be started by the end of September, and that the completion of the year or the completion of the project should reach more than 60%. But in 2009, only 30% of the affordable housing, 60% outstanding.　　In addition, the 2010 government construction of affordable housing volume increased, Niemesen worry that the protection of housing funds are likely to appear lean situation.　　Faced with financial problems, He Hui, deputy chairman of the National People's Congress, who attended the conference, suggested that the Government should establish a stable source of financial resources, the local land transfer of all the central collection, all localities should levy a real estate tax, the land transfer and property tax in a considerable part, used and according to the financial resources as much as possible But Huang Zhilong, Ph. D., of the China Center for International Economic exchange, said that this meant that the central government invested 12,000 yuan in a set of affordable housing, and that local governments needed to support the majority of the remaining funds, which was the root cause of inadequate housing construction.　　At present, the central and local fiscal revenue is basically 1:1, if the land transfer into the local finance to collect the central government, local governments will be more without enthusiasm. Niemesen, President of the Chamber of Commerce and Industry of China, also pointed out that the 2009 national land Income is more than 1 trillion yuan, the demolition and replenishment of farmers only more than 500 billion yuan, the government's land cost and land income is 1:3, local governments without land income, will face new difficulties, economic and social stability.