More precise measures, affordable rental housing, and heavy policy blessing.

In order to speed up the development of affordable rental housing and solve the outstanding housing problems in big cities, the General Office of the State Council recently issued the Opinions on Accelerating the Development of Affordable Rental Housing (hereinafter referred to as the Opinions), which clarified the basic system and supporting policies of affordable rental housing.

A number of industry experts said in an interview with People's Daily that the measures proposed in the Opinions are more precise and stronger, so that new citizens and young people can solve the housing problem with relatively low rental expenses, which is conducive to stabilizing market expectations and promoting the stable and healthy development of the real estate market, which will push China's housing development towards the higher quality goal of "living and living".

Clearly accelerate the development of the basic system of affordable rental housing.

First of all, the Opinions clarified the object standard. Affordable rental housing mainly solves the housing difficulties of eligible new citizens, young people and other groups, mainly small-sized houses with a construction area of not more than 70 square meters, and the rent is lower than that of rental housing in the same location and the same quality market. The specific access conditions and specific area of small huxing are reasonably determined by the city people's government in accordance with the principle of basic protection.

In addition, the "Opinions" also proposed to guide multi-party participation, adhere to the matching of supply and demand, strictly supervise and manage, and implement local responsibilities.

Specifically, such as "guiding multi-subject investment and multi-channel supply", "adopting new construction, reconstruction, renovation, rental subsidies and using government idle housing as affordable rental housing to effectively increase supply", "strengthening supervision over the whole process of construction, lease and operation management of affordable rental housing", "strengthening organizational leadership and supervision and inspection, and monitoring and evaluating the development of urban affordable rental housing" and so on.

In this regard, Li, chief researcher of Guangdong Housing Policy Research Center, said that from the "Opinions", affordable rental housing has the following characteristics: First, it is market-oriented and the government gives support policies; Second, low rent, small apartment; Third, multi-channel supply, mainly in cash; Fourth, there are good supporting facilities, matching supply and demand, and avoiding renting and selling.

Li also said that affordable rental housing is to provide policy support through the government, encourage market multi-channel supply, provide low-rent housing, focus on revitalizing low-cost space, and attract market-oriented enterprises to participate.

Zou, head of national academy of economic strategy Housing Big Data Project Team, said that vigorously developing affordable rental housing will help reduce the housing burden of low-and middle-income groups and new citizens. It can be predicted that with the promotion of the construction of affordable rental housing such as collective land and the increase of the supply of housing with property rights, the price bubble of ordinary housing in big cities will gradually shrink.

Take multiple measures to support the construction of affordable rental housing projects.

In recent years, many places across the country have vigorously promoted the construction of affordable rental housing projects. The Opinions have introduced a number of precise measures from simplifying the approval process and reducing the tax burden.

In simplifying the approval process, the Opinions pointed out that all localities should streamline the approval items and links of affordable rental housing projects, build a rapid approval process, and improve the efficiency of project approval. Using non-residential stock land and non-residential stock houses to build affordable rental housing, the municipal and county people's governments can organize relevant departments to jointly review the construction plan, and after issuing the confirmation letter of affordable rental housing project, the relevant departments can go through the procedures of project establishment, land use, planning, construction and fire control.

The "Opinions" suggest that for projects that do not involve changes in land ownership, existing land use procedures and other materials can be used as land certification documents, and land use procedures are no longer required. Explore the integration of project construction permit and construction permit. Implement joint acceptance of relevant parties.

In terms of reducing the burden of taxes and fees, the Opinions proposes to comprehensively use tax and fee means to increase support for the development of affordable rental housing. Using non-residential stock land and non-residential stock houses to build affordable rental housing, after obtaining the confirmation letter of affordable rental housing project, the preferential tax policies such as housing rental value-added tax and property tax shall be applied mutatis mutandis. Free of supporting fees for urban infrastructure for affordable rental housing projects.

In addition, the Opinions also pointed out that central subsidy funds should be given. The central government subsidizes the construction of eligible affordable rental housing through existing funding channels. At the same time, the implementation of civil water and electricity prices, the use of non-residential stock land and non-residential stock houses to build affordable rental housing, enter the affordable rental housing project, water, electricity and gas prices in accordance with residents' standards.

In this regard, Huang Hui, a senior analyst at RealData, believes that after the promulgation of the Opinions, the obstacles faced by various types of affordable rental housing projects are expected to be broken, and the scale of rental housing suitable for new citizens, young people and other groups, especially those engaged in basic public services, will be expanded, which can effectively alleviate the mismatch of supply structure in the housing rental market.

Improve the enthusiasm of market participants.

In order to solve the housing difficulties of eligible new citizens, young people and other groups, the Opinions clarify that the government gives policy support to land, finance and taxation, gives full play to the role of market mechanism, guides multi-subject investment and multi-channel supply, mainly uses existing land and housing construction, appropriately uses newly supplied state-owned construction land, and reasonably supports the construction of commercial service facilities; Support specialized large-scale housing leasing enterprises to build and operate affordable rental housing.

In terms of further improving the land support policy, Yu Xiaofen, vice president of Zhejiang University of Technology, said in an interview that the opinions clearly defined the land support policies corresponding to the five construction modes: the use of collectively operated construction land, idle land of enterprises and institutions, supporting land for industrial parks, non-residential stock houses and newly supplied state-owned construction land. "In particular, it is unprecedented to explicitly use non-residential stock land and houses to build affordable rental houses without paying the land price."

It is worth mentioning that the Opinions also clearly put forward that with the consent of the city people's government, idle and inefficient non-residential stock houses such as commercial offices, hotels, factories, warehouses, scientific research and education are allowed to be converted into affordable rental houses on the premise of conforming to the planning principles, unchanged ownership, meeting safety requirements and respecting the wishes of the masses; During the period of being used as affordable rental housing, the nature of land use will not be changed and the land price will not be paid back.

"This will fully mobilize the enthusiasm of rural collective economic organizations, enterprises and institutions, industrial parks, real estate development enterprises and other market entities, revitalize the stock of land and housing, and form a good situation in which multiple entities * * * participate and * * * jointly supply, which is conducive to solving the problems commonly faced in the development of affordable rental housing, such as difficult project acquisition, high land cost and difficult income balance." Yan said.

"At present, China's housing rental market reform will enter a new stage, that is, from alleviating the contradiction of insufficient supply to structural adjustment." Yan Yuejin, director of the think tank center of Shanghai Yiju Research Institute, said that on the whole, the changes in China's housing system reform during the 13th Five-Year Plan period made clear the development direction of the housing rental market, while during the 14th Five-Year Plan period, affordable rental housing was included in the important reform scope, and its market position was significantly improved.

Huang Hui believes that with the help of market forces, the market stock can be revitalized, the enthusiasm of leasing enterprises can be mobilized, and the supply scale of affordable rental housing can be increased. By supporting specialized and large-scale housing rental enterprises to participate in affordable rental housing, it is also conducive to cultivating a mature housing rental market.

Differentiated real estate credit management

The development of affordable rental housing is inseparable from financial support. The "Opinions" pointed out that financial support should be further increased.

Specifically, first of all, it is necessary to increase credit support for the construction and operation of affordable rental housing, and support banking financial institutions to provide long-term loans to self-sustaining entities of affordable rental housing in a market-oriented manner; In accordance with the principles of legal compliance, risk control and commercial sustainability, loans are provided to housing leasing enterprises that rebuild existing houses and form non-proprietary affordable rental housing. Improve the loan statistics suitable for affordable rental housing and treat it differently when implementing real estate credit management.

Secondly, support banking financial institutions to issue financial bonds and raise funds for affordable rental housing loans. Support enterprises to issue corporate bonds, corporate bonds, non-financial corporate debt financing instruments and other corporate credit bonds for the construction and operation of affordable rental housing. Enterprises that hold and operate affordable rental housing with sustained and stable cash flow can use real estate mortgage as a means of credit enhancement and issue housing lease guarantee bonds. Support commercial insurance funds to participate in the construction of affordable rental housing in accordance with the principle of marketization.

In this regard, Yan Yuejin said: "For banks, there were concerns about the credit support of affordable rental housing before, but after the promulgation of the Opinions, banks will actively give credit support to affordable rental housing, which will also be an important part of the adjustment of bank credit structure."

"For all kinds of leasing companies, it is more positive to encourage well-run enterprises, especially those with stable cash flow, to issue bonds, which can really promote the enthusiasm of enterprises to develop leasing business and reduce worries." Yan Yuejin said.

Huang Hui believes that housing leasing enterprises generally face the problems of narrow financing channels, high financing cost and high tax burden. The promulgation of the "Opinions" will improve the financing environment of affordable rental housing in the future, and the problem of financing difficulties is expected to be alleviated.