Liupanshui, Guizhou: Financial institutions are encouraged to cut interest rates, and the down payment for the first home loan is reduced to 20%.

According to the website of Guizhou Provincial People's Government, the Housing and Urban-Rural Development Bureau of Liupanshui drafted "Several Measures for Promoting the Healthy Development of Real Estate Industry in Liupanshui City (Draft for Comment)" (hereinafter referred to as "Draft for Comment") to solicit opinions and suggestions from the public. The period for soliciting opinions is from May 24, 2022 to June 7, 2022.

The Opinion Draft shows that Liupanshui will increase its support for individual housing mortgage loans. Encourage financial institutions to implement the 20% down payment policy for the first home loan and appropriately reduce the housing loan interest rate. Support and guide financial institutions to apply for loans to buy commercial housing again for families who own a house and have settled their home purchase loans, and implement the first home loan policy.

Increase support for housing provident fund. When the housing provident fund funds are insufficient to guarantee the housing loan demand of employees, the value-added income of the housing provident fund will be used to subsidize the interest difference during the repayment period of commercial loans. The scale of new subsidized loans is 654.38 billion yuan, and the loan issuance time is controlled within 6 months. If you use the provident fund loan to buy a house and buy 1 parking space at the same time, it can be included in the scope of provident fund loan support.

For real estate development enterprises, Liupanshui City has also introduced some measures.

Strengthen credit support for real estate projects. Organize bank-enterprise docking on a regular basis, guide financial institutions to implement the relevant credit policies of trapped enterprises, increase credit support for real estate project mergers and acquisitions in accordance with the principles of legal compliance, controllable risks and sustainable business, and urge financial institutions not to stop lending, draw loans or press loans at will.

Pre-sale funds are used efficiently. For real estate development enterprises whose sales funds of development projects are fully collected, the supervision amount of pre-sale funds can be replaced by bank guarantee, third-party guarantee and high-quality physical guarantee with clear ownership. On the premise that dynamically balanced funds can meet the needs of future 1 year project construction.

Promote the destocking of non-residential commercial housing. Built unsold non-residential houses (including commercial apartments and commercial houses) can be changed into affordable rental houses or self-sustaining rental houses by enterprises after application and approval, and timely report to water, electricity and gas business units and property authorities. The water, electricity, gas and property fees are subject to the residents' charging standards. If a non-residential house is changed into a residential house after approval, its land use period will remain unchanged.