According to the Law on Housing, the 20% land fund for social housing construction is only for investment in social housing construction, some 20% land funds have been handed over to the locality but no mechanism is available for using the funds for other purposes (construction of resettlement houses, housing for workers, low-income people, etc.), leading to ineffective promotion of land resources. In addition, mechanisms and policies for incentives and housing development support have been prescribed, but the locality has not yet had preferential policies, encouraging more conditions of preferential policies because the budget is still limited, making it difficult to attract investors.
The sale of social housing is still inadequate and not suitable with actual conditions. Buyers or tenants of social housing are not allowed to mortgage or transfer housing in any form for a minimum period of 5 years. When being allowed to sell social housing to subjects in need, in addition to the payables when selling the house, the seller of the apartment building must pay to the State 50% of the land use levy allotted to the State. In case of selling the adjacent low-rise social housing, 100% of the land use fee must be paid... Within less than 5 years from the time of paying off the purchase or lease purchase of the social housing, If the buyer or hire-purchaser wishes to resell the social housing, he/she may only sell it back to the State or to the investor in the social housing construction project, or resell it to the person entitled to buy or rent-purchase the house. prescribed in society. Thus, buying social housing is simply for living, not really forming assets, so it is less attractive to buyers.
Investors of commercial housing projects with 20% land size and directly investing in social housing projects are not considered social housing projects according to the above concept. Therefore, the project will not enjoy preferential policies such as spending 20% of the residential land area in the social housing project for commercial business. In addition, the implementation of procedures to confirm eligibility to buy or rent-purchase social housing still faces difficulties and obstacles.
In 2021-2030, a number of solutions to develop housing for workers and low-income people in the province have come up to specifically create a clean land fund and to develop social housing projects according to projects in areas of developed urbanity with many industrial parks in order to increase access to housing and essential social services. The development of low-cost commercial housing, rental housing, and accommodation is encouraged. Investors are supported to build houses for low-income people and arrange reasonable resources to invest in essential infrastructure. Households are motivated to build houses for rent through supporting interest rates on bank loans and reducing business land tax.
Reported by Phuong An – Translated by Vi Bao
