Nine departments including the Henan Provincial Department of Housing, Urban-Rural Development, the Provincial Development and Reform Commission, and the Provincial Department of Natural Resources recently jointly issued “Certain Measures on Coordinating the Promotion of Controlling Incremental Inventory and Optimizing Supply and Stabilizing the Real Estate Market”. The “Certain Measures” are mainly divided into 4 parts and 15 articles. Through 15 measures such as strengthening housing supply management, increasing support for housing consumption, supporting diversified demand for improved housing, increasing support from the Provident Fund, and building “good houses,” the “Certain Measures” focus on stabilizing the real estate market in the province by controlling growth, removing inventory, and improving supply through urban policies to effectively meet rigid and diversified improved housing needs. Accelerate the acquisition of existing commercial housing. Coordinate the use of central and provincial urban subsidy funds for affordable housing projects, affordable housing reloans, and special local government bonds to support the acquisition of existing commercial housing for use as affordable housing, dormitories, talent housing, etc. Where housing resettlement is involved in projects such as urban village renovation or urban renewal, the purchase of existing commercial housing is encouraged to be used as housing.

Nine departments including the Henan Provincial Department of Housing, Urban-Rural Development, the Provincial Development and Reform Commission, and the Provincial Department of Natural Resources recently jointly issued “Certain Measures on Coordinating the Promotion of Controlling Incremental Inventory and Optimizing Supply and Stabilizing the Real Estate Market”. The “Certain Measures” are mainly divided into 4 parts and 15 articles. Through 15 measures such as strengthening housing supply management, increasing support for housing consumption, supporting diversified demand for improved housing, increasing support from the Provident Fund, and building “good houses,” the “Certain Measures” focus on stabilizing the real estate market in the province by controlling growth, removing inventory, and improving supply through urban policies to effectively meet rigid and diversified improved housing needs. Accelerate the acquisition of existing commercial housing. Coordinate the use of central and provincial urban subsidy funds for affordable housing projects, affordable housing reloans, and special local government bonds to support the acquisition of existing commercial housing for use as affordable housing, dormitories, talent housing, etc. Where housing resettlement is involved in projects such as urban village renovation or urban renewal, the purchase of existing commercial housing is encouraged to be used as housing.