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SOCIETY
Weekly Watch> WEEKLY WATCH NO. 16, 2010> SOCIETY
UPDATED: April 16, 2010 NO. 16 APRIL 22, 2010
Subsidized Housing
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China's housing authorities on April 12 urged local governments to put more effort into the building of government-subsidized housing.

The national goal for 2010 is to build 3 million apartments for low-income families, renovate 2.8 million apartments in urban shantytown areas, and expand the renovation of dilapidated houses in rural areas, said the Xinhua News Agency.

The ministry urged governments at all levels to strictly implement preferential policies in land provision, funding, tax reduction and credit support for low-income housing projects, and ensure the realization of annual construction goals.



 
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