To add subjects entitled to borrow loans for housing assistance
On October 31, 2013, the Ministry of Construction issued Circular No. 18/2013/TT-BXD on amending and supplementing several articles of Circular No. 07/2013/TT-BXD which guides the definition of subjects entitled to borrow loans for housing assistance according to Resolution No. 02/NQ-CP dated January 7, 2013.
According to regulations in Circular No. 07/2013/TT-BXD, individuals and households will be entitled to borrow loans for housing assistance if they have not yet had any house owned by them, or they had house but it is too cramped (Their house is condominium apartment, but the average residential area of household is lower than 8m2/person; the average residential area of separate household is lower than 8m2/person and area of its land precinct is lower than land area licensed for construction in accordance with regulation of the provincial People’s Committees). Also in this Circular, they are entitled to borrow loans if they have no house but have dwelling land plots and have been granted certificate of land use right and area of such dwelling land plots is smaller than land area licensed for construction in accordance with regulation of the provincial People’s Committees.
This Circular takes effect on November 15, 2013.
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