Proposal to establish a National Housing Fund, shorten procedures for investing in social housing

Vân Trang |

The Government proposes a series of specific mechanisms such as bidding, streamlining investment procedures, allowing investors to decide on their own selling prices, rental prices for social housing...

On the morning of May 20, continuing the program of the 9th session of the 15th National Assembly, Central Party Committee member and Minister of Construction Tran Hong Minh reported on the draft Resolution on a number of specific mechanisms and policies for social housing development.

In the draft, the Government proposed to establish a National Housing Fund. This is a non-budgetary state financial fund established at the central and local levels, formed from the state budget and socialized from contributions from organizations and individuals.

The fund forms a source of income from paying money equivalent to the value of the land fund invested in building a technical infrastructure system to build social housing in accordance with the provisions of the law on housing, the source from selling houses belonging to public assets and other legal mobilization sources.

The Fund will perform the function of investing in construction, creating a social housing fund, housing for cadres, civil servants, public employees, and workers to rent and buy.

The Government said that there is currently no national housing fund or a suitable financial regulatory model to support financial resources for localities and businesses to implement social housing projects to ensure long-term and sustainable sustainability.

The whole country only has a few housing development funds of Ho Chi Minh City, Binh Duong, Dong Nai, Ba Ria - Vung Tau... However, these local development funds are facing difficulties in operations due to not being granted additional capital...

According to the Ministry of Construction, the procedures for selecting investors for investment projects to build social housing and houses for the People's Armed Forces that do not use public investment capital are still complicated and prolonged. Many enterprises have reported that the procedures for bidding to select investors for social housing projects for the armed forces (after approving the investment policy) are up to nearly 300 days.

Some localities and investors have reported that determining selling and renting prices is difficult to determine accurately, leading to difficulties in price appraisal. Assigning investors to determine prices and conduct audits, and send them to the Provincial People's Committee for second appraisal will shorten the procedures by 30 - 90 days...

Bo truong Bo Xay dung Tran Hong Minh. Anh: Quochoi.vn
Minister of Construction Tran Hong Minh. Photo: Quochoi.vn

Therefore, the draft adds provisions in the direction of assigning authority to the provincial People's Committee or the Ministry of National Defense, the Ministry of Public Security does not approve bidding. The maximum expected time is 75 days, reduced by about 200 days, equivalent to about 70% of the implementation time compared to current regulations.

Chinh phu de xuat lap Quy nha o quoc gia va nhieu co che dac thu de phat trien nha o xa hoi. Anh: Quochoi.vn
The Government proposes to establish a National Housing Fund and many specific mechanisms to develop social housing. Photo: Quochoi.vn

The Government also proposed many specific mechanisms for developing social housing in the coming period such as the policy of approving investment policies and assigning investors of social housing construction investment projects that do not use public investment capital without bidding; Proposing to remove procedures for appraisal of the Feasibility Study Report of the construction expertise agency, reducing 15 - 35 days compared to current regulations (100%)...

Regarding prices, the draft stipulates that investors who build and hire consultants with sufficient capacity for construction activities will be examined before the investor approves the selling price, rental price for social housing...

In the review report, the National Assembly's Judicial Law Committee approved the Government's proposals. However, it is said that these are new, major policies that have a profound impact on state resources, rights and obligations of businesses.

The inspection agency believes that many breakthrough solutions are very open, although necessary to meet practical requirements, but at the same time also pose the risk of loopholes and abuse leading to corruption, negativity, and waste.

In parallel with the reduction of construction investment procedures, it is recommended to assign the Government to stipulate the mechanism of inspection, evaluation and quality accreditation of the work after completion, avoiding the quality of houses far from the Hoi Hoi that does not meet the requirements as prescribed by law, causing damage to the State and society, causing unsafe for policy beneficiaries.

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