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Three ministries: the government revenue from land sales can be used for constr
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Ministry of Finance, National Development and Reform Commission, Ministry of Housing and Urban Construction of the three ministries jointly issued the "protection of housing projects on the management issues related to the use of funds notice" provisions that allow the land transfer net income, value-added income housing fund provision of low-rent housing security payments, the development of public rental housing. "Notice" proposes that, from 2010 onwards, the year around to ensure complete protection of low-rent housing under the premise of the task can be the existing arrangements for net income from land transfer not less than 10% of the low-rent housing guarantee fund, co-ordination for the development of public rental housing. At the same time, you can use some value-added benefits and low-cost fund subsidies to public rental housing. At present the construction of affordable housing, there are three main sources of funding: central government spending, 10% of the land transfer revenues and value-added income housing fund. Institute of Finance, the State Council Development Research Center, deputy director of Ba under the 2009 central budget and additional expenditure ratio was roughly estimated that in 2010 the central government will invest 100 billion yuan for the protection of housing construction.