The national housing fund is expected to contribute to the effective implementation of the Government's project of 1 million social housing units (Photo: HNV)
Accordingly, the development and promulgation of the draft Decree aims to specify the content stipulated in Resolution No. 201/2025/QH15 dated May 29, 2025 of the National Assembly Piloting a number of specific mechanisms and policies for social housing development, which the National Assembly assigned the Government to specify in detail, as a legal basis for implementation.
The draft proposal states that the National Housing Fund will have a minimum initial charter capital of VND5,000 billion from the central budget, expected to increase to at least VND10,000 billion within 3 years. In addition to the budget, the fund can receive voluntary contributions from domestic and foreign organizations and individuals, along with other legal sources.
This fund will have legal status, its own seal and account, operating under the model of a 100% state-owned enterprise, established by the Government at the central level. Fund management will be assigned to a higher-level professional agency and housing management and operation will be assigned to a subordinate unit or can be hired from an outside unit.
In addition, the fund will invest in the construction of social housing projects, and is allowed to buy back social housing built by the private sector or receive public housing for renovation. The investment period for independent social housing projects shall not exceed 5 years, and for synchronous infrastructure projects shall not exceed 7 years.
The subjects who are eligible to rent houses from the fund include low-income earners, officials, civil servants, and workers who do not have a house. Important tasks related to the management and development of housing and real estate in the coming period will be focused on and submitted to the Government, with the expectation of developing public housing for senior officials.
The National Housing Fund is expected to focus on investing in the construction of independent social housing projects or synchronous technical and social infrastructure projects for rental purposes. The Ministry of Construction also proposed allowing the fund to buy back social housing built by the private sector or receive public housing to renovate and convert its function into rental housing.
The management and operation of the housing is assigned by the Investment Fund to its affiliated units or it can hire a qualified external unit. The management and operation costs are included in the rental price. In addition, the Fund has the right to decide to use the revenue from the exploitation of commercial and service areas in the projects to pay for the maintenance and management of social housing.
Source: https://baolangson.vn/ky-vong-quy-nha-o-quoc-gia-se-giai-quyet-hieu-qua-nha-o-va-ha-tang-xa-hoi-5053955.html
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