The central city of Da Nang, which is one of the best places in thecountry to buy affordable housing, plans to build at least 1.2 millionsq.m of social housing by 2015.
A joint action scheme toimplement the national housing development strategy until 2020 wassigned between the Ministry of Construction and the municipal People’sCommittee in Da Nang on August 23.
As a result, 20,000 housingunits covering 150,000 sq.m will be made available to students. Housingfor sale and lease to urban low-income earners will reach 850,000 sq.m -equivalent to 15,000 apartments – and 195,000 sq.m will be designedfor 17,000 workers.
During the period, the city will relocate,dismantle and rebuild 22 residential areas and three run-down blockswith up to 600 apartments.
Under the scheme, the two sideswill make it easier for their units to invest in social housing and willencourage the involvement of companies from different economic sectorsin the effort.
Together, they will improve the operation ofthe city’s housing development fund and the saving and housingdevelopment fund, to make more funding available to both investors andbuyers.
According to Deputy Minister of Construction NguyenTran Nam, his ministry will perfect housing policies tailored for warheroes, members of the armed forces, public servants and low-incomeearners in urban areas.
He also called on localities nationwideto work out their own housing development plans for the short, mediumand long term.-VNA