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Three ministries: Allow use of loan interest throughout the development of pub
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According to the Ministry of Finance website news, the Ministry of Finance, National Development and Reform Commission, Housing and Urban Construction of three ministries jointly issued "on the protection of housing construction funds management issues related to notice." Notice that, allowing interest payments on loans used to guide community around the development of public rental housing. "Notice" that in order to fully mobilize the market actors and social institutions investment purchase, new construction, renovation, leasing and operation of public rental housing initiative to reduce social capital investment in public rental housing, the cost of financing, local can take interest subsidies to support the market players and social institutions from the commercial bank financing for the development of public rental housing. Governments at all levels of public rental housing finance arrangements, including the central government's subsidies of public rental housing funds can be used for public rental housing projects discount loans. Public rental housing loan interest rate, term and other management measures in conjunction with the provincial development and reform the financial sector, the housing department of urban and rural construction, the Ministry of Finance, National Development and Reform Commission, Ministry of Housing and Urban Construction of the record.