Raising income ceiling for social housing buyers

The Government has just issued Decree 261 amending and supplementing a number of articles of Decree 100 on the development and management of social housing. The Decree takes effect from October 10.

Nam Nha Trang Ward with many social housing built and put into operation.

Accordingly, from October 10, the condition for the average monthly income for individuals to buy social housing is a maximum of 20 million VND. Corresponding to this level, the maximum total income for a couple is 40 million VND per month. Individuals include low-income earners in urban areas, officials, civil servants, public employees, and single people. In the case of unmarried people or those confirmed to be single and raising children under the age of majority, the income is calculated to not exceed 30 million VND. Income is calculated according to the wage and salary table confirmed by the agency, enterprise, or unit where the subject works.

The Decree also stipulates that provincial People's Committees are allowed to adjust the income coefficient to suit local conditions and issue incentive policies for households with three or more dependents. According to the old regulations, the maximum income to buy social housing was 15 million VND per month for single people and 30 million VND for households. The new regulations also reduce the preferential loan interest rate for individuals buying social housing from 6.6% to 5.4%, the overdue interest rate is equal to 130% of the loan interest rate. For loans signed before October 10 at the Vietnam Bank for Social Policies, people can adjust the contract to apply the new interest rate for both the principal and overdue balance.

A new point in the regulation is the change in the agency that verifies income for people without labor contracts. From October 10, low-income people in urban areas without labor contracts will request confirmation from the commune-level police where they permanently or temporarily reside instead of the commune or ward-level People's Committee as before.

MANH HUNG

Source: https://baokhanhhoa.vn/doi-song/chinh-sach-moi/202510/nang-tran-thu-nhap-cho-nguoi-mua-nha-o-xa-hoi-bae529d/