Ministry of Housing and Urban-Rural Development responds to housing pension

Why is the housing pension pilot being implemented?

The person in charge of the relevant department of the Ministry of Housing and Urban-Rural Development said that the establishment of a housing pension system is one of the important means to solve the urgent problems of the masses and strengthen the safety management of existing houses after entering the period of urban renewal. It not only manages the foundation but also the long-term. The Ministry of Housing and Urban-Rural Development has carried out a housing pension system pilot in some cities, and the relevant cities are currently actively exploring it.

The reporter learned that at present, my country’s urban development has shifted from large-scale incremental construction to a new stage of both stock quality improvement and incremental structural adjustment, and has entered an important period of urban renewal. From an objective perspective, houses, like people, will “age” and “get sick”. For the safety of houses, they need to undergo physical examinations like people to find problems and eliminate hidden dangers.

What are the composition and sources of funds?

The person in charge said that housing pensions consist of two parts: personal accounts and public accounts. Personal accounts are special residential maintenance funds deposited by owners, and deposits are implemented in accordance with current regulations.

The person in charge said that the public account is established by the government in accordance with the principles of “taking from the house and using it for the house” and “not increasing personal burdens and not reducing personal rights and interests”. From the pilot cities, local governments can raise funds through fiscal subsidies and land transfer fees. The purpose is to establish a stable channel for housing safety management funds, which does not require residents to pay extra fees and will not increase personal burdens.

What are housing pensions used for?

The person in charge said that housing pension personal accounts and public account funds jointly guarantee the safety of the entire life cycle of the house. In accordance with the management regulations of special residential maintenance funds, personal account funds are specifically used for the maintenance, renewal and renovation of common parts of residential buildings and common facilities and equipment after the warranty period expires. Public account funds are mainly used for housing physical examinations and insurance expenses.