Two departments: affordable rental housing loans are not included in the real estate loan concentration management

2022-05-07 0 By

PRC Beijing Feb. 8 (xinhua reporter luo know), according to official website of the people’s bank of the People’s Bank of China, silver released today by the circ on the affordable rental housing on the loan is not included in the management of real estate loan concentration notice (hereinafter referred to as the “notice”), clear of affordable rental housing projects on loan is not included in the real estate loan concentration management,We will encourage banking financial institutions to increase support for the development of low-income rental housing in accordance with the principles of legal compliance, controllable risks and sustainable business.The specific contents of the Notice include: As of the date of issuance of the Notice, the relevant loans granted by banking financial institutions to affordable rental housing projects with written confirmation of affordable rental housing projects will not be included in the real estate loan concentration management;Banking financial institutions should increase their support for low-income rental housing and provide financial products and services in accordance with the principles of legal compliance, controllable risks and sustainable business.Banking financial institutions shall strictly implement the relevant statistical systems of the People’s Bank of China and the CBRC to ensure the authenticity and accuracy of data.The Notice applies to the banking financial institutions that implement the real estate loan concentration management system.According to introducing, clear of affordable rental housing projects related to the loan into the real estate loan concentration management, is conducive to the banking financial institutions to increase credit for affordable rental housing projects, supporting the construction of our country housing guarantee system, to promote the establishment of more supply subject, multi-channel support, hire purchase of housing system is given.Going forward, the People’s Bank of China and the Banking and Insurance Regulatory Commission will accelerate the establishment and improvement of the housing rental financial system, continue to increase financial support for the construction of low-income housing and the development of the long-term rental market, and promote the virtuous cycle and healthy development of the real estate industry.