Approved 6 social housing projects
Hanoi City approved the List of housing and urban area construction investment projects (phase 3) in Hanoi City's Housing Development Plan for the period 2021 - 2025.
Vice Chairman of the City People's Committee Duong Duc Tuan signed and issued a Decision approving the update of the List of housing and urban area construction investment projects in the City's housing development plans for the period 2021 - 2025 ( round 3).
Accordingly, approved the List of housing and urban area construction investment projects (Phase 3) in Hanoi City's Housing Development Plan for the period 2021 - 2025, Hanoi City's Social Housing Development Plan The specific period 2021 - 2025 is as follows:
Investment projects to build commercial housing and urban areas (phase 3) include 36 projects that have had investment policies approved, with 10 ongoing projects expected to be completed in the period 2021 - 2025 and 26 projects. The project is expected to be completed after 2025. In addition, there are 85 projects undergoing investment preparation procedures.
6 social housing construction investment projects (phase 3) include: Hoan Kiem district residential housing project (social housing) in Viet Hung urban area, Long Bien district;
Construction of housing for sale to low-income subjects Ba Dinh District Police in Bao Van Plain, Ngoc Ha Ward, Ba Dinh District;
Social housing for sale to officers and soldiers of the Ministry of Public Security in Thuong village, Thanh Liet commune, Thanh Tri district;
Social housing project in Bac Phu Cat civil area in Thach Hoa commune, Thach That district;
Investment project to build social housing in CT land plot in planning plot CT1 under investment project to build technical infrastructure of land to auction land use rights in Long Bien ward, Long Bien district;
Social housing construction investment project in planning box C14/NO1, Phuc Dong ward, Long Bien district.
The interest rate for social housing loans is 6.6%.
Recently, the Government issued Decree No. 100/2024, which details a number of articles of the Housing Law on social housing development and management. Notably, this new decree has increased the maximum loan limit for new construction, renovation, and repair of housing.
Specifically, Article 48 of Decree 100/2024 stipulates: In case of buying or renting social housing, the maximum loan capital is equal to 80% of the value of the house purchase or rental contract;
In case of new construction or renovation or repair of housing, the maximum loan capital is equal to 70% of the estimated value or capital usage plan, maximum not exceeding 1 billion VND (previously the maximum was 500 million VND). ), based on the construction investment capital rate and housing construction unit price of the competent authority and not exceeding 70% of the value of the asset securing the loan.
The lending interest rate is equal to the lending interest rate for poor households prescribed by the Prime Minister from time to time; Overdue debt interest rate is 130% of loan interest rate.
According to the Vietnam Bank for Social Policies, loans that have signed credit contracts with banks to buy, rent-purchase social housing, build new or renovate and repair houses for residential purposes from August 1, 2024 are 6.6%/year, with a maximum loan term of 25 years.
