Prime Minister requests rental housing to become a pillar of social security
The Prime Minister believes that it is necessary to develop rental housing at reasonable prices, meeting the needs of workers, young people and low-income people.
Shifting thinking from home ownership to housing security
At the group discussion session on the afternoon of October 22, Politburo Member, Prime Minister Le Minh Hung emphasized the requirement to innovate thinking in building housing policies. Accordingly, the goal is not only to help people own houses but first of all to ensure that people have suitable housing.
According to the Prime Minister, the State cannot subsidize all housing needs but also cannot let the market fully self-regulate. Policies need to classify housing groups and have corresponding support mechanisms, focusing on social housing, rental housing, official housing and housing for policy beneficiaries.
This approach expands the focus of housing policy. Instead of only focusing on the ability to buy a house, the policy needs to consider the need to rent a stable, long-term house at an appropriate price, especially for workers who do not have enough conditions to accumulate to own real estate.
Rentable housing needs reasonable prices, meeting real needs
A noteworthy content in the direction of amending the Housing Law is the development of rental housing as a pillar of social security policy. According to Prime Minister Le Minh Hung, this model needs to target people with real housing needs, including workers in industrial parks, students and young people working in large cities.
To achieve this goal, the draft law dedicates a separate chapter on rental housing, with groups such as rental housing invested with public capital through local housing funds, non-state-funded rental housing and worker accommodation in industrial parks.
The formation of rental housing supply sources with appropriate development mechanisms is expected to create more choices for people, especially those who are not able to afford to buy a house. For workers and laborers, rent costs directly affect their remaining income to cover living expenses, raise children and accumulate.
In addition to expanding supply sources, policies need to ensure rental prices are suitable for the affordability of beneficiaries. According to the content stated at the discussion session, the draft stipulates that rental prices for houses belonging to related groups should not exceed the ceiling price prescribed by the provincial People's Committee. This mechanism needs to be designed to suit each type of housing and the actual conditions of the locality.
For social housing, the draft also sets out the requirement to control transfers to limit the situation of taking advantage of policies. Accordingly, after 5 years, buyers are only allowed to resell social housing to subjects eligible to buy this type of housing. Supervising the implementation of policies is important for support resources to reach the right people in need, avoiding turning social housing into a speculative tool.
The above orientations show that amending housing policies is not only about how many more apartments to build, but also related to product structure, housing access methods and people's affordability. The requirement is to create a supply that is suitable for actual needs, while ensuring the regulatory role of the State and feasibility when implemented.
From a social security perspective, the development of rental housing needs to be seen as a long-term solution, in parallel with social housing and other support programs. When workers can rent houses at reasonable costs, stabilize their accommodation and reduce financial pressure, the new housing policy can better meet the goal of ensuring people's lives.
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