Up to now, the issue of conditions for purchasing social housing (NOXH) has been one of the policies that many people are interested in. In the Housing Law 2023, this issue has been expanded and made more open.
Accordingly, based on Article 78 of the 2023 Housing Law, social housing buyers only need to meet two conditions on housing and income, then people from one province can buy social housing in another province.
Ms. Pham Thi Thu Ha - Deputy Head of Social Housing Division, Department of Housing and Real Estate Market Management (Ministry of Construction) - said that previously, people in any province were allowed to buy social housing in that province.
"That means that in the past, people in Hanoi could only buy social housing in Hanoi, but now if they want to buy social housing in another province, they only need to prove that they do not have a house here and meet the conditions and standards to be able to buy it," Ms. Ha informed.
Ms. Ha said that proving that there is no local housing is done by requesting confirmation that the husband and wife do not have a "red book" at the place where the social housing project is located instead of having to verify a lot of information like before.
“The new law also sets a monthly income threshold of 15 million VND or less, or a total income of 2 spouses of 30 million VND or less, as the eligibility to buy social housing,” Ms. Ha added.
According to Ms. Ha, the process of developing social housing under the new law has shortened many administrative procedures.
In the project preparation stage, the planning step has differences in which the planning requirement when bidding for the project is to have a 1/2000 zoning plan or a detailed 1/500 scale plan.
In particular, investors are exempted from land use fees and land rent for the entire project; do not have to carry out procedures for determining land prices, calculating land use fees and land rent, as well as procedures for requesting exemption.
In addition, in case the investor builds within the scope of a social housing project, the determination of land price and calculation of land use fees payable shall comply with the provisions of the law on land.
Regarding incentives for social housing project investors, Ms. Ha affirmed that investors do not have to carry out procedures for determining land prices, calculating land use fees, land rents, as well as procedures for requesting exemption and enjoying a maximum of 10% of total construction investment costs.
Regarding the selling price, the formula for calculating the rental price and lease-purchase price will be assessed by the specialized agency of the People's Committee of the province where the project is located. The selling price and lease-purchase price of social housing proposed by the investor will be assessed by the specialized agency of the People's Committee of the province where the project is located.
Regarding preferential capital sources, there is a new point, which is the capital entrusted from the local housing development fund (if any), annual local budget support, capital from bond issuance, housing bonds and other legal sources decided by the People's Councils at the provincial and district levels to implement the social housing goals and plans in the locality.
It is noteworthy that credit institutions designated by the State will provide social housing loans according to regulations decided by the Government and the Prime Minister from time to time.
Mr. Vuong Duy Dung - Deputy Director of the Department of Housing and Real Estate Market Management (Ministry of Construction) also said that according to the Housing Law 2023, there is no restriction on subjects coming from other provinces, as long as they meet all the conditions according to the law, they will be able to buy social housing.
