On July 2, according to the Chinese Government website, the General Office of the State Council recently issued the "Opinions on Accelerating the Development of Affordable Rental Housing" (hereinafter referred to as the "Opinions"), clarifying the basic system and policies for affordable rental housing. Support policies.

The "Opinions" pointed out that in order to adhere to the positioning that houses are for living in, not for speculation, highlight the people's livelihood attributes of housing, expand the supply of affordable rental housing, and alleviate the structural supply shortage in the housing rental market, Promote the establishment of a housing system with multi-subject supply, multi-channel security, and both rental and purchase, promote new urbanization with people at the core, and promote the realization of housing for all people.

The "Opinions" make it clear that affordable rental housing mainly solves the housing difficulties of qualified new citizens, young people and other groups. It is mainly small-sized units with a construction area of ??no more than 70 square meters, and the rent is lower than Market rental housing rents of the same location and quality; the government will provide policy support, give full play to the role of the market mechanism, guide multi-entity investment and multi-channel supply, mainly use existing land and housing construction, and make appropriate use of new supply of state-owned construction land for construction.

The "Opinions" propose that idle and inefficiently used non-residential housing stock such as commercial offices, hotels, factories, warehousing, scientific research and education, etc., shall be renovated with the consent of the urban people's government in compliance with planning principles and with inconsistent ownership. On the premise of changing, meeting safety requirements, and respecting the wishes of the people, it is allowed to be converted into affordable rental housing; during the period of use as affordable rental housing, the nature of the land use will not be changed, and the land price will not be paid.

Opinions of the General Office of the State Council on Accelerating the Development of Affordable Rental Housing

Guobanfa [2021] No. 22

The People's Governments of all provinces, autonomous regions, and municipalities directly under the Central Government, the State Council All ministries and commissions and agencies directly under them:

In recent years, all regions and relevant departments have conscientiously implemented the decisions and arrangements of the Party Central Committee and the State Council, solidly promoted housing security work, and effectively improved the housing conditions of people with difficulty in urban household registration. However, The housing difficulties of new citizens, young people and other groups are still prominent, and it is necessary to speed up the improvement of the housing security system with public rental housing, affordable rental housing and private property-owned housing as the main body. With the approval of the State Council, the following opinions are hereby put forward on accelerating the development of affordable rental housing and promoting the solution of outstanding housing problems in large cities.

1. Guiding ideology

Comprehensively implement the spirit of the 19th National Congress of the Communist Party of China and the Second, Third, Fourth and Fifth Plenary Sessions of the 19th Central Committee, based on the new development stage and implement new developments concept, build a new development pattern, adhere to the people-centered approach, adhere to the positioning that houses are for living in, not for speculation, highlight the people's livelihood attributes of housing, expand the supply of affordable rental housing, and alleviate the structural supply shortage in the housing rental market, Promote the establishment of a housing system with multi-subject supply, multi-channel security, and both rental and purchase, promote new urbanization with people at the core, and promote the realization of housing for all people.

2. Basic system

(1) Clarify the target standards. Affordable rental housing mainly solves the housing difficulties of eligible new citizens, young people and other groups. It is mainly small-sized units with a construction area of ??no more than 70 square meters. The rent is lower than the rent of market rental housing of the same quality in the same location. Access and The specific conditions for withdrawal and the specific area of ??small apartments shall be reasonably determined by the urban people's government in accordance with the principle of ensuring basic conditions.

(2) Guide multiple parties to participate. Affordable rental housing is supported by the government's land, taxation, finance and other policies, giving full play to the role of market mechanisms, guiding investment from multiple entities and supply through multiple channels, adhering to the principle of "whoever invests, owns", and mainly uses collective commercial construction land, enterprises and institutions For the construction of unit-owned idle land, industrial park supporting land and existing idle housing, the newly supplied state-owned construction land shall be appropriately used for construction, and commercial service facilities shall be reasonably provided. Support professional and large-scale housing rental enterprises in the construction, operation and management of affordable rental housing.

(3) Adhere to matching supply and demand. The urban people's government should understand the demand for affordable rental housing and the existing land and housing resources, and combine the existing supply, demand and quality of rental housing, proceed from reality, and implement city-specific policies, including new construction, reconstruction, renovation, rental subsidies, and the government's Use idle housing as affordable rental housing in various ways to effectively increase supply, scientifically determine the construction goals and policy measures for affordable rental housing during the "14th Five-Year Plan", formulate annual construction plans, and announce them to the public.

(4) Strict supervision and management.

Urban people's governments should establish and improve housing rental management service platforms, strengthen supervision of the entire process of construction, leasing and operation management of affordable rental housing, and strengthen supervision of project quality and safety. Affordable rental housing shall not be sold on the market or in disguised form, and it is strictly prohibited to operate in violation of regulations or defraud preferential policies in the name of affordable rental housing.

(5) Implement local responsibilities. The urban people's government has the main responsibility for developing affordable rental housing in the region and promoting the solution of housing difficulties for new citizens, young people and other groups. Provincial people's governments have overall responsibility for the development of affordable rental housing in their regions. They must strengthen organizational leadership, supervision and inspection, and monitor and evaluate the development of affordable rental housing in cities.

3. Support policies

(1) Further improve land support policies.

1. Large cities with a net inflow of population and cities determined by provincial people's governments, on the basis of respecting the collective wishes of farmers and with the consent of the urban people's government, can explore the use of collective commercial construction land to build affordable rental housing; the use of urban areas and close proximity should be supported Collective operating construction land in industrial parks or areas with convenient transportation is used to build affordable rental housing; rural collective economic organizations can build and operate affordable rental housing through self-construction, joint ventures, shares, etc.; collective operating construction land is used to build affordable rental housing The right of use can apply for a mortgage loan.

2. For large cities with a net inflow of population and cities determined by provincial people's governments, the land for which enterprises and institutions have obtained use rights in accordance with the law shall, with the consent of the urban people's government, comply with the planning, maintain ownership, meet safety requirements, and respect the will of the people. Under the policy, it is allowed to build affordable rental housing and change the land use without paying back the land price. The original allocated land can continue to retain the allocation method; land use rights holders are allowed to build or cooperate with other market entities to build and operate affordable rental housing. housing.

3. For large cities with a net inflow of population and cities determined by provincial people's governments, with the consent of the city people's government and on the premise of ensuring safety, the land area used for supporting administrative offices and living service facilities for industrial projects in industrial parks can account for the total project land The upper limit of the area proportion is increased from 7% to 15%, and the upper limit of the construction area proportion is increased accordingly. The increased part is mainly used for the construction of dormitory-type affordable rental housing, and the construction of complete sets of commercial housing is strictly prohibited; it is encouraged to increase the supporting proportion of various industrial projects in the industrial park The corresponding land area or building area is concentrated to build dormitory-type affordable rental housing in a unified manner.

4． For idle and inefficiently utilized non-residential housing stock such as commercial offices, hotels, factories, warehousing, scientific research and education, etc., with the consent of the urban people's government, on the premise of complying with planning principles, maintaining ownership, meeting safety requirements, and respecting the wishes of the masses, , it is allowed to be converted into affordable rental housing; during the period of being used as affordable rental housing, the nature of the land use will not be changed, and the land price will not be paid.

5. Large cities with a net inflow of population and cities determined by provincial people's governments should, in accordance with the principle of job-housing balance, increase the proportion of affordable rental housing land supply in residential land, and separately list rental housing land plans and prioritize them when preparing annual residential land supply plans. Arrange and ensure all necessary arrangements, mainly in areas such as industrial parks and surrounding areas, near rail transit stations and key urban construction areas, to guide the integration of industry and city and people, and the linkage between people, land and housing; land for affordable rental housing can be transferred, leased or allocated If it is supplied by transfer or lease, the rental price and adjustment method of affordable rental housing can be used as preconditions for transfer or lease, and the transfer price is allowed to be collected in installments. Newly built ordinary commercial housing projects can be equipped with a certain proportion of affordable rental housing. The specific proportion and management methods shall be determined by the city and county people's governments. Encourage the construction of a certain proportion of affordable rental housing in properties built above subways.

(2) Simplify the approval process. All localities should streamline the approval matters and links for affordable rental housing projects, build a rapid approval process, and improve project approval efficiency. To use non-residential stock land and non-residential stock housing to build affordable rental housing, the city or county people's government can organize relevant departments to jointly review the construction plan. After issuing a certificate of affordable rental housing project certification, the relevant departments will handle the project establishment, land use, planning, construction, Firefighting and other procedures. For projects that do not involve changes in land ownership, existing land use procedures and other materials can be used as land certification documents, and no land use procedures will be required. Explore merging engineering construction permits and construction permits into one phase. Implement joint acceptance by relevant parties.

(3) Provide central subsidy financial support.

The central government will subsidize the construction of affordable rental housing that meets regulations through existing funding channels.

(4) Reduce tax burden. Comprehensive use of taxes and fees to increase support for the development of affordable rental housing. Use non-residential stock land and non-residential stock housing to build affordable rental housing, and after obtaining the affordable rental housing project certification, preferential tax policies such as housing rental value-added tax and property tax will be applied mutatis mutandis. Urban infrastructure supporting fees are exempted for affordable rental housing projects.

(5) Implement residential water and electricity prices. Use non-residential stock land and non-residential stock housing to build affordable rental housing. After obtaining the affordable rental housing project certification, the prices of water, electricity, and gas will be based on resident standards.

(6) Further strengthen financial support.

1. Increase credit support for the construction and operation of affordable rental housing, and support banking financial institutions in providing long-term loans to self-owned entities of affordable rental housing in a market-oriented manner; in accordance with the principles of legal compliance, risk controllability, and commercial sustainability, , provide loans to housing leasing companies that transform existing houses to form non-own-property affordable rental housing. Improve loan statistics suitable for affordable rental housing, and provide differentiated treatment when implementing real estate credit management.

2. Support banking financial institutions in issuing financial bonds and raising funds for affordable rental housing loans. Support enterprises in issuing corporate bonds, corporate bonds, non-financial corporate debt financing instruments and other corporate credit bonds for the construction and operation of affordable rental housing. If an enterprise holds and operates affordable rental housing with sustained and stable cash flow, it can use the property mortgage as credit enhancement and issue housing rental guaranteed bonds. Support commercial insurance funds to participate in the construction of affordable rental housing in accordance with market-oriented principles.

4. Organization and implementation

(1) Ensure policy coordination. All localities should put solving the housing difficulties of new citizens, young people and other groups on the important agenda, and attach great importance to the construction of affordable rental housing. It is necessary to sort out the existing various policies to support rental housing, including the pilot project of using collective construction land to build rental housing, the central government's pilot project to support the development of the housing rental market, the pilot project of non-real estate enterprises using their own land to build rental housing, and the development of policy rental housing. Rental housing constructed on a pilot basis, etc., that meet the regulations will be included in the standardized management of affordable rental housing. Those that are not included will not be able to enjoy the use of non-residential stock land and non-residential stock housing to build affordable rental housing without paying back the land price and other national regulations on affordable rental. Dedicated support policies for housing.

(2) Strengthen departmental collaboration. The Ministry of Housing and Urban-Rural Development should strengthen the organization, coordination, supervision and guidance of the development of affordable rental housing, work with relevant departments to organize monitoring and evaluation of the development of affordable rental housing, and promptly summarize and publicize experience and practices. The National Development and Reform Commission, the Ministry of Finance, the Ministry of Natural Resources, the People's Bank of China, the State Administration of Taxation, the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and other departments and units must strengthen policy coordination and work connection, and strengthen business guidance, research and supervision. All relevant departments and units must divide work according to responsibilities, strengthen collaboration and form synergy to ensure that all policies are implemented in place.

General Office of the State Council

June 24, 2021