A dilapidated apartment building at 23 Ly Tu Trong, district 1, HCM City. (Photo: VNA)
Hanoi (VNS/VNA) - The Ministry of Construction hasidentified 11 housing projects that are eligible for interest rate support of 2%a year from the State budget.
The move is in line with the Government's Decree No 31/2022/ND-CPissued in May 2022 on interest rate support from the State budget for loans toenterprises, cooperatives and business households.
The projects being approved this time include seven projects tobuild social housing and housing for workers, and four projects to renovate oldapartment buildings in Ho Chi Minh City and southern Binh Dinh province.
Those projects in HCM City are the social housing project underLong Truong ward housing project in Thu Duc city with 558 apartments; Ly ThuongKiet social housing project in ward 14, district 10 with 1,245 apartments; socialhousing project for workers to rent in the district 2 Industrial Cluster, in ThuDuc city with 1,040 apartments; project to replace old apartments at No 23 Ly TuTrong in district 1; project at 128 Hai Ba Trung in district 1; project at 350Hoang Van Thu street in Tan Binh district.
In Quy Nhon, Binh Dinh province, four social housing projectseligible for support are Tan Dai Minh with 854 apartments; Ecohome Nhon Binhwith 1,380 apartments; An Phu Thinh with 926 apartments; and social housingproject in North Ha Thanh River urban area in Nhon Binh ward with 342apartments.
A project to renovate Tran Binh Trong apartment building at 145ATran Hung Dao street is also subject to the preferential interest rate.
This is the second batch of projects getting the nod from theMinistry of Construction to receive State support. Previously, after reviewingreports from 41 localities that proposed 240 projects, the ministry approvedfour projects in the first batch./.
There was not a single social housing project in Ho Chi Minh City this year, and with support funds for them being limited, there is a fear the situation could continue, experts said.
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A dilapidated apartment building at 23 Ly Tu Trong, district 1, HCM City. (Photo: VNA) 
