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HCMC limits resettlement housing development with state budget

HCMC limits resettlement housing development with state budget

Deputy Chairman of Ho Chi Minh People’s Committee Tran Vinh Tuyen said the city government will limit spending the state budget for new resettlement projects but call on enterprises to invest in these projects to meet demand of local residents.
19:00, 26/02/2019

At a meeting held on Feb 19 on the management of houses and housing land for resettlement purpose, Deputy Head of HCMC Department of Construction Nguyen Van Danh said the city is expected to implement 300 urban planning projects affecting 19,000 households from now until 2020. Later, between 2021 and 2025, there will be 226 projects set to impact 25,000 households. Therefore, by 2025, the total number of households affected by these projects by will be 44,000.

A resettlement housing project in HCMC. (Photo: Vietnambiz)

A resettlement housing project in HCMC. (Photo: Vietnambiz)

According to preliminary survey, some 27,200 households wishing to be resettled by the local government, while 16,800 others want to get compensation and seek new accommodations themselves.

Leaders of the Southern city hope the resettlement program will comprehensively and harmoniously solve all aspects of life, ensuring new accommodation for residents with suitable living space and synchronously invest technical and social infrastructure in association with welfare policies including job training to provide better employment opportunities to improve the life of residents after land clearance.

Currently, the city has 12,197 unused resettlement apartments and residential land lots. Of these, 5,075 apartments must be auctioned to reclaim capital. HCMC would use up resettlement apartments which have been built and limit new projects using state budget at a maximum level, said Tran Vinh Tuyen.

Notably, long-delayed projects that have been built for five years but not been used will be auctioned to reclaim funds and prevent apartments from downgrading.

From now until 2025, HCMC will continue facilitating developers’ participation in building social housing projects with non-budget capital, review social housing land fund in districts and use revenue from commercial housing projects and new urban areas. Real estate developers are responsible for arranging 20 percent of projects’ land fund for social housing development under the form of payment to take the initiative in resettlement housing source for the urban planning program of the city.

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