If conditions are relaxed, income under 15 million VND/month can also buy social housing

by worldysnews
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Firstly, the average monthly income of the applicant and his or her spouse is not more than 15 million VND/month calculated according to the Wage and Salary Table certified by the agency or unit where the applicant works. .

Second, the time limit for determining income conditions is in the 3 years preceding the year in which social housing is considered to be purchased or leased.

In addition, for the subjects specified in Clauses 2, 3 and 4, Article 76 of the Housing Law, they must be poor or near-poor households according to the Government’s poverty standard.

Comparing with current regulations, social housing buyers must not be required to pay regular income tax according to the law on personal income tax, i.e. not more than 11 million VND/month.

In addition to the notable changes mentioned above, the draft decree also proposes a series of changes in land funds for social housing construction in commercial housing construction investment projects; on incentives for investors in social housing construction investment projects; about house types and social housing area standards; on determining the selling price, rental price, and rental price of social housing; on the order and procedures for selling, leasing, purchasing, and leasing social housing…

Previously, the income conditions of social housing buyers were discussed many times at the National Assembly to amend the Housing Law. Most opinions believe that the above conditions are outdated and need to be changed accordingly.

According to Deputy Chairman of the Finance and Budget Committee Nguyen Huu Toan, such regulations are unreasonable because they eliminate a series of cases that also need to enjoy social housing policies.

According to Mr. Toan, with an income of more than 10 million VND/month, he has paid personal income tax and still has to worry about many things such as sending his children to school and having difficulty buying a house. Those who contribute to society but are excluded from the beneficiaries of the mechanism need to be considered.

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