Thursday, August 24, 2017 - 17:48:28

Storm-proof housing programme benefits 11,253 needy families

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A man repairs a bamboo raft at a flooded house in Thuan Chau district, the northern mountainous province of Son La (Photo: VNA)

Hanoi (VNA) – A Government programme on assisting poor households in central region build flood and storm-proof houses has reached 11,253 needy families as of the end of the second quarter this year, said the housing and real estate market department under the Ministry of Construction.

The beneficiaries account for 41 percent of the total number of households targeted by the programme, which was launched under the Government’s Decision 48/2014 issued on August 28, 2014.

Under the decision, the housing support programme is carried out in 14 central provinces from Thanh Hoa southward to Binh Thuan from 2014 to 2016, aiming to help 27,196 needy households.

Each of the eligible households will receive a cash grant of 12-16 million VND depending on localities, and a 15-million VND preferential loan with a 3-percent annual interest rate for a duration of 10 years and a five-year grace period.

The programme will receive 568 billion VND from the central budget, of which 364.3 billion VND will be channelled directly to the beneficiaries while 204 billion VND will be provided via the Social Policy Bank to grant preferential loans.

As of the end of June this year, the central budget already allocated 233 billion VND to the programme, with 147 billion VND disbursed. The Social Policy Bank received 204 billion VND and disbursed 88.1 billion VND.

The central budget will have to allocate 203 billion VND more in order to complete the programme this year.-VNA
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