HA NOI — Low-income housing contracts will be terminated if beneficiaries don't move in within three months, according to a recent decision by the Ha Noi People's Committee.
Also, purchasers will have to submit a commitment and photo of family members before signing a contract with low-income housing project developers.
These were among changes which followed the committee's revision of regulations covering the sale, hire, lease-to-purchase and management of housing for low income families.
The tightening of the regulation aims to curb speculation.
The new rule also states that potential buyers or lessees of low-income houses would need permanent or temporary civil status records in all inner and outer districts of the city. Previously, it was only applicable to those with permanent or temporary civil status records in the inner districts.
According to the Ha Noi's Construction Department's Housing Development Department head Vu Ngoc Dam, the city's new decision aims to expand the scale of beneficiaries with access to low-income houses.
Though low-income housing funds had increased from previous periods, some projects haven't been sold as houses yet, the Dang Xa new urban project in Gia Lam District was one example, said Dam.
According to the department, the city plans to build 15,500 houses of 1.1 to 1.5 million square metres between 2011-15 for low-income earners. To date, investors have registered to build up to 12,000 houses that basically satisfy the city demand of social houses.
The city's recent review of results after four years' implementation of the projects showed a small number of houses were handed over to beneficiaries. — VNS