Ho Chi Minh City plans to develop social housing on its own instead of building new resettlement housing with state funds, according to the city’s People’s Committee.
HCM City (VNA) – Ho Chi Minh City plans to develop social housing onits own instead of building new resettlement housing with state funds,according to the city’s People’s Committee.
Resettlement housing is used for residents who must move to make way for urbanembellishment projects.
Between now and 2025, the city’s district People's Committees will beauthorised to use 9,435 state-owned housing and 2,488 land lots forresettlement.
Priority for the land fund for social housing will be in Cu Chi, Binh Chanh, HocMon, Can Gio and Nha Be districts.
The city will develop 301 urban embellishment projects affecting about 19,000households and individuals by 2020, and from 2021 to 2025, about 226 projectsaffecting 25,000 households.
As many as 20,000 social housing apartments will be used for the resettlementpurpose as soon as possible, city authorities said.
Resettlement must include not only housing but social insurance, vocationaltraining, job creation, income restoration and improved quality of life, thecity's People’s Committee said.
The plan is expected to significantly contribute to the city’s urbanembellishment programme, which consists of replacing old apartment buildings indisrepair. -VNA
More than 40,000 apartments will be needed over the next five years to resettle residents who have had to move for public works or real estate projects.
When it comes to social housing or affordable housing for low-income earners, funding is usually a key factor in such projects. However, once the projects are completed, problems in planning, investment management and efficiency tend to crop up.
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The strategic product, managed and operated by the Vietnam News Agency Digital Media Centre (VNA Media), is an official channel for popularising the Party and State’s information and documents as well as delivering mainstream and trustworthy news to both domestic and international audiences through various kinds of multimedia formats.
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Illustrative image (Photo: VNA) 
