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Is Hefei Property Special Maintenance Fund Management Center fully funded by finance?
The management center is not fully funded.
According to the inquiry of Hefei Housing Security and Real Estate Administration, finance accounts for more than 90%, and other income constitutes the total income of the management center, so it is not entirely provided by finance.
The main duties of Hefei Property Special Maintenance Fund Management Center are: to be responsible for the deposit, management and use of Hefei urban maintenance funds, as well as the industry guidance and supervision of counties (cities). In 2023, Hefei Property Special Maintenance Fund Management Center included 1 unit in the budget, and the nature of the unit was a public institution.
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