Sources of funds for the renovation of old residential areas in 2022

Sources of funds mainly include the following six aspects:

First, higher-level funds, including central funds (central financial subsidies and budgetary investments) and provincial government award funds;

Second, municipal and district financial funds;

Third, according to the principle of who benefits and who contributes, residents and original property units are encouraged to give financial support to the transformation of old residential areas;

The fourth is to guide water, electricity, gas and other franchise units to fulfill their social responsibilities and invest in the renovation and upgrading of related pipeline facilities in old communities;

Fifth, attract social capital investment to participate in the transformation of old residential areas;

The sixth is to guide large enterprises and financial institutions to actively participate in the transformation of old communities.