Proposal to speed up funding to support worker housing

According to a report of the Ministry of Construction, housing supply dropped sharply. In particular, housing projects for workers are even more scarce. In the socio-economic recovery program for the period of 2022 – 2023, there is a package of VND 15,00,000 billion in preferential loans for individuals and households to rent and buy houses through the Bank for Social Policies. In order for the incentive package to work, many solutions have been proposed.

In a recent discussion about capital for the real estate market, a representative of the Ministry of Construction said that despite the preferential package for loans for social housing development and worker housingbut up to this point, the disbursement rate is very slow.

Housing projects for workers are currently scarce. (Photo: PLO)

“Last time, the housing market developed strongly, with a growth rate of 7.23%, of which commercial housing grew by 13.8%, while social housing was only 0.36%.” Mr. Nguyen Manh Khoi, Deputy Director of Housing and Real Estate Market Management Department, Ministry of Construction, said.

In this year’s support package, businesses deploying worker housing will receive 2% commercial loan interest support. And buyers, renters, will get loans with preferential interest rates. Businesses said that the process of disbursing this capital should be accelerated.

In localities where industrial parks are developing strongly, the demand for housing for workers is large, such as Bac Ninh province, said the process of reviewing capital-supported projects is still underway.

“In order to ensure that businesses can soon access this loan, the Department of Construction has compiled a list of businesses that are implementing it, and coordinated to remove difficulties and obstacles to ensure the progress and progress of the project.” The quality of completing documents early helps businesses quickly access and effectively use government loans,” said Nguyen Tuan Dung, Deputy Director of Bac Ninh Province’s Department of Construction.

According to statistics, the whole country currently has 7 million laborers who need to settle down, but the number of new houses only meets 30% of the demand. Support capital and borrowing needs of businesses and people are available. However, many people think that it is necessary to speed up the progress so that the two sides of supply and demand can meet.

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