Society

Conditions on social housing announced

The Government has issued a decree detailing conditions for those eligible for purchasing and renting houses built under social policy benefiting projects, according to the Vietnam Government Portal (VGP).
The Government has issued a decree detailing conditions for thoseeligible for purchasing and renting houses built under social policybenefiting projects, according to the Vietnam Government Portal (VGP).

Under Decree 34/2013/ND-CP, the eligible includepeople with merits; public officials and civil servants working foradministrative offices, business units, Party and union organisations;armed force officers and soldiers and workers working at industrialparks, complexes, production and service sites.

Low-income people, poor households in urban areas; disabled and lonelyolder people; those who return public houses; and households andindividuals who have to resettle but yet have land allocated orresettlement houses will be the targets of social housing policy.

The eligible have to advance 20 percent of total value of the home.

Social houses can be resold or transferred after at least 10 years, theduration which will enable the owners to pay for the property and earn ahousing ownership certificate.

Individuals who declare false information to purchase these houses will be forced to return the property.

The decree will take effect on June 6, 2013.-VNA
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