What are the sources of funding for the housing pension? Where is it used? Response from the Ministry of Housing and Urban-Rural Development

On August 26, the relevant departments of the Ministry of Housing and Urban-Rural Development conducted authoritative interpretations on the issues related to housing pension that have attracted social attention. Question: Please introduce the situation of the pilot project for housing pension. Establishing the housing pension system is an important means to strengthen the safety management of existing houses, following the principle of people-oriented approach in the urban renewal era, and to address the urgent needs of the masses. Our ministry has carried out pilot projects of the housing pension system in some cities, and currently, the relevant cities are actively exploring this. Question: What is the source of funding for the housing pension? The housing pension consists of two parts: individual accounts and public accounts. The individual account is the residential special repair fund deposited by the owner, which is deposited according to the current regulations. The public account, based on the principle of "taking from the house and using it for the house" and not increasing personal burden or reducing personal rights, is established by the government. From the perspective of pilot cities, local governments can raise funds through financial subsidies, land premium collection, etc., to establish a stable fund channel for housing safety management without requiring additional payment from residents or increasing personal burden. Question: What are the uses of the housing pension funds? The individual account and public account funds of the housing pension jointly ensure the safety of the house throughout its life cycle. The funds in the individual account are used in accordance with the regulations for the management of residential special repair funds, specifically for the maintenance and renovation of shared parts, facilities and equipment in the residence after the warranty period expires. The funds in the public account are mainly used for house inspections and insurance expenses. This article is reproduced from the official WeChat account of "China Construction News". Editor: Li Fo.