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Is shantytown renovation a real estate development loan?
The Notice of General Office of the State Council on Further Strengthening the Renovation of Shantytowns pointed out that the renovation of shanty towns will further play the role of development finance. Refers to the loan support of CDB and commercial banks, shantytown renovation projects, and banking financial institutions can give credit support according to the relevant provisions of public rental housing financing. In addition, the transformation of shanty towns will also introduce social funds. The notice proposes to attract social funds to participate in the investment and operation of shantytown renovation projects through various means such as investment subsidies and loan interest subsidies, and treat all types of investors equally in terms of market access and support policies. Support financial institutions to innovate financial products and services, and study and establish a multi-level and diversified financing system for shantytown renovation. In any case, the capital loan for shantytown renovation is different from the real estate development loan of real estate developers.