What Is an Assignment of Rents?

Low-rent housing refers to the government's use of rent subsidies or in-kind rent to provide social security housing to families who meet the minimum living security standards of urban residents and have difficulties in housing. The allocation of low-rent housing is mainly based on rent subsidies, supplemented by physical rent allocation and rent reduction. According to the Notice on the Combined Operation of Public Rental Housing and Low-rent Housing issued by the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, and the National Development and Reform Commission (Jianbao [2013] No. 178), from 2014 onwards, Public rental housing and low-rent housing are operated in parallel, and after the integration, they are collectively referred to as public rental housing. ^[1]

Low-cost housing

In the eighth part of the report of the 17th National Congress of the Communist Party of China, Hu Jintao put forward: "Efforts should be made to make all people learn, teach, work, get medical care, be old and support, live and live". At the same time, it was also proposed that "the sound low-rent housing system should expedite the resolution of the housing difficulties of urban low-income families." . this means:

First, it shows that the ruling party is paying more attention to "residence", etc.

Low-rent housing is a concept first proposed in the newly introduced national housing reform policy. China's low-rent houses are only rented but not sold, and are leased to the lowest income earners among urban residents. The sources of low-rent housing are mainly old public houses that have been retired.

With the continuous development and improvement of the low-rent housing policy, people have gradually deepened their understanding and realized that

Low-rent housing is a concept first proposed in the newly introduced national housing reform policy. China's low-rent houses are only rented and not sold, and are leased to the lowest income earners among urban residents. The sources of low-rent housing are mainly old public houses that have been retired.

Low-rent housing is an ordinary house built by the state and local governments to solve the housing difficulties of low- and middle-income families in cities. It has the characteristics of social public welfare and housing social security.

Low-rent housing generally has two forms of expression. One is the government-funded low-rent housing to the poor households. The second is the government to issue rent subsidies to the hard-to-reach households, who rent social housing.

On August 13, 2010, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council

Notice of the Development and Reform Commission of the Ministry of Housing and Construction on the combination of public rental housing and low-rent housing

Provinces, Autonomous Regions, Housing and Urban-Rural Development Department, Finance Department, Development and Reform Commission, Beijing Municipal Housing and Urban-Rural Development Commission, Finance Bureau, Development and Reform Commission, Shanghai Urban and Rural Construction and Transportation Commission, Housing Security Housing Administration, Finance Bureau, Development and Reform Commission, Tianjin Municipal Urban and Rural Construction and Transportation Commission, Land and Resources Management Bureau, Finance Bureau, Development and Reform Commission, Chongqing Municipal Land and Resources Management Bureau, Finance Bureau, Development and Reform Commission, Xinjiang Production and Construction Corps Construction Bureau, Finance Bureau, Development and Reform Commission:

According to the "Circular of the State Council on the Opinions of the Development and Reform Commission on Deepening the Reform of the Economic System in 2013" (Guo Fa [2013] No. 20) and the Guiding Opinions of the General Office of the State Council on the Construction and Management of Safeguarding Housing Projects Issued [2011] No. 45) and other documents, since 2014, public rental housing and low-rent housing have been integrated in all regions. After the merger, they are collectively referred to as public rental housing. The relevant matters are notified as follows:

I. Adjusting the annual construction plan of public rental housing

Starting from 2014, the construction plans of low-rent housing (including the purchase and conversion of rent, etc., the same below) have been adjusted and incorporated into the annual construction plan of public rental housing. The projects under construction that have been included in the annual construction plan for low-rent housing before 2014 can continue to be constructed and integrated into the management of public rental housing after completion.

2. Integrate government funding channels for public rental housing

After the low-rent housing was merged into the public rental housing, the local government's original funding channel for low-rent housing construction was adjusted for the construction of public rental housing (including low-rent housing under construction before 2014). The funds originally used for rental subsidies will continue to be used to subsidize the low-income housing guarantee objects for leasing houses in the market.

Since 2014, the central subsidy for public rental housing construction funds and rental subsidy funds have continued to be arranged by the Ministry of Finance, and the central government's original arrangement of the National Development and Reform Commission for new low-rent housing subsidy investments was adjusted to public rental housing supporting infrastructure construction subsidy investments And lean to Tibet and Qinghai, Gansu, Sichuan, Yunnan four provinces of Tibet, Xinjiang Autonomous Region and three Xinjiang prefectures under the jurisdiction of the Xinjiang Construction Corps and other financially difficult areas.

3. Further improve the rent pricing mechanism for public rental housing

Various localities should further improve the pricing mechanism for public rental housing and adjust rents dynamically in accordance with the economic development level, financial affordability, housing market rent level, construction and operating costs, and the ability to pay for protection objects.

The rent of public rental housing is determined in principle at a level that is appropriately lower than the rent in the same location and type of housing market. The government invests in the construction and operation and management of public rental housing, and localities can implement differentiated rents according to the payment capacity of the objects of protection, and rent reduction or exemption for eligible objects of protection. For public rental housing constructed, operated and managed by social investment, local governments may provide appropriate subsidies to eligible low-income housing guarantee objects in accordance with regulations.

Localities can dynamically adjust the amount of rent reduction or subsidies according to changes in the payment capacity of the objects of protection, until rents are collected at market prices.

Fourth, improve the public rental housing allocation management system

All localities should further improve the channels for accepting applications for public rental housing and the procedures for review and admission, so as to improve efficiency and facilitate the masses. All localities can rationally determine the waiting order rules based on comprehensive consideration of the housing difficulty level, income level, application order, guarantee demand, and housing conditions of the guarantee objects, and uniformly wait for the allocation of rent. The low-rent housing that has been built and allocated for accommodation is unified into the management of public rental housing, and its rent level is still implemented in accordance with the original rent standard; after the completion of the low-rent housing that has not been occupied and the low-rent housing project under construction, the original settlement shall be given priority. The housing for low-rent housing guarantee objects is difficult, and the remaining houses are allocated according to public rental housing.

Fifth, strengthen organizational leadership and orderly progress

The combined operation of public rental housing and low-rent housing is an effective measure to improve the housing security system and improve the efficiency of the allocation of affordable housing resources; it is an important way to improve public services for housing security; and it is a specific measure to maintain social equity and justice. All localities should further strengthen leadership, carefully organize and improve housing security institutions, enrich personnel, implement funding, rationalize institutional mechanisms, and advance the integration operation in a solid and orderly manner. Various localities can formulate specific implementation measures based on this notice and in combination with actual conditions.

Ministry of Housing and Urban-Rural Development of the People's Republic of China

Ministry of Finance of the People's Republic of China

National Development and Reform Commission of the People's Republic of China ^[1]