20 new policies of Changchun property market: exploring the transformation of housing subsidy into individual mortgage loan installment subsidy

On May 6th, the General Office of the People's Government of Changchun City, Jilin Province issued the Notice on Several Measures to Effectively Respond to the Impact of the Epidemic and Promote the Stable Development and Benign Cycle of the Real Estate Market (hereinafter referred to as the Notice), including 20 policy measures.

In terms of adjusting credit policies, commercial banks are encouraged to adjust some credit policies by reducing the down payment ratio of loans, reducing the burden of personal housing consumption, giving support to the policy of cache retention of provident fund and deferred repayment of bank loans, continuing to implement a flexible housing provident fund portfolio loan model, increasing financial support for real estate enterprises, increasing financing support for construction enterprises, and continuing to implement housing subsidy policies.

Among them, the "Notice" mentioned that the down payment ratio of provident fund loans should be reduced in stages. Before 65438+February 3, 20221,if employees apply for provident fund personal housing loans for the first time, the minimum down payment ratio shall not be less than 20%; For the second application for provident fund personal housing loan, the down payment ratio shall not be less than 30%.

At the same time, reduce the personal housing consumption burden. For families who own/kloc-0 apartments and have settled their housing loans, if they apply for loans to buy houses again to improve their living conditions, banking financial institutions will implement the first home loan policy. If you apply for housing provident fund personal housing loan for the second time before 65438+February 3 1 in 2022, the loan interest rate is the first housing provident fund personal housing loan interest rate in the same period.

In addition, we will continue to implement a flexible housing provident fund portfolio loan model. Loan to buy individual housing, you can use provident fund, commercial portfolio loans and housing provident fund family portfolio loans. Family members who purchase houses include parents, children and spouses, and family portfolio loans are limited to two people. The deadline for policy implementation was extended from June 30, 2022 to 65438+February 3, 20221.

The Notice shows that the housing subsidy policy will continue to be implemented. Continue to implement the "Notice on Printing and Distributing the Work Plan for Retaining (Coming) Talents, Housing Subsidies for Farmers in Cities and Issuing Consumer Vouchers" (Changfuban [2021] No.25) and the "Notice on Adjusting and Implementing the Housing Subsidy Policy for Talents in Cities and Farmers" (Changfuban [2021] No.42), for eligible fresh graduates and farmers,

In promoting market transactions, three measures are taken, such as holding online housing fair, speeding up the construction of public service facilities and protecting the legitimate rights and interests of all parties, so that consumers can buy houses with confidence and promote housing transactions.

The "Notice" mentioned that the Changchun Housing Fair will be held online in a timely manner according to the epidemic prevention and control situation, encouraging real estate enterprises, financial institutions, the media and the media to actively participate, giving policy support and increasing publicity to further meet the demand for rigid and improved housing.

According to the New Deal, the Notice will be implemented as of the date of promulgation, and the validity period is tentatively set at 2 years, unless there is a clear time limit.

The following is the full text of the policy:

Notice of the General Office of Changchun Municipal People's Government on effectively coping with the impact of the epidemic situation

Notice on some measures to promote the stable development and virtuous circle of the real estate market

Chang Fu Ban Ming Dian [2022]No. 1 1

Counties (cities), District People's governments, Development Zone Management Committees, municipal government commissions and bureaus, and institutions directly under them:

In order to alleviate the adverse impact of the COVID-19 epidemic on our city, support the resumption of real estate projects, meet the demand for rigid and improved housing, prevent and resolve the hidden dangers of real estate risks, and promote the stable development of the market and a virtuous circle, with the consent of the municipal government, the following measures are formulated.

The first is to implement the "cash basis". For projects that have paid the principal of the land transfer fee and defaulted on the liquidated damages, some pre-sales are allowed according to the ratio of the principal to the liquidated damages. The development unit holds the payment certificate issued by the tax department to the supervision department to handle the land title certificate and delimit the pre-sale scope, and to the housing management department to handle the pre-sale permit. (Responsible departments: Municipal Planning Bureau, Municipal Taxation Bureau and Municipal Housing Authority)

Second, establish a "green channel" for project commencement. Before the construction of the main project, the construction land planning permit has been obtained, and the newly started projects of the construction and supervision units have been confirmed. After the approval of the construction permit examination and approval department, it is allowed to enter the site in advance for non-principal projects such as land leveling, temporary enclosure, water supply and electricity supply, earthwork construction and dewatering construction; The project planning and design scheme and construction drawing review (review) have passed the examination by the administrative department, but due to the epidemic situation, the construction project planning permit and construction permit have not been obtained as scheduled. Approved by the Municipal Planning Bureau and the Municipal Construction Committee, the main body of the project is allowed to be constructed, and the examination and approval procedures are completed within 30 days. (Responsible department: Municipal Planning Bureau and Municipal Construction Committee)

Three, industrial professional industrial park projects can handle the division of sales and real estate registration. The development unit shall perform the main responsibilities of construction, investment promotion and operation. When the construction meets the pre-sale conditions, you can refer to the approval process of commercial real estate project construction and apply for the pre-sale permit of commercial housing. Property management, municipal facilities and other buildings are operated by the development unit. The municipal government and the Administrative Committee of the Development Zone shall review the industrial format, output value and tax revenue of enterprises investing in China and sign an agreement. Only after the audit opinion is met can the sales formalities be handled. In principle, it should be sold by the whole building or the whole floor. If it is really necessary to divide, the sales area shall not be less than 500 square meters. After the investment enterprise has settled in, if the output value and tax revenue meet the requirements of the agreement, the real estate registration can only be handled after the consent of the city government and the development zone management Committee. (Responsible departments: Municipal Planning Bureau, Municipal Housing Authority, Municipal Government, Development Zone Management Committee)

Fourth, reduce the down payment ratio of provident fund loans in stages. Before 65438+February 3, 20221,if employees apply for provident fund personal housing loans for the first time, the minimum down payment ratio shall not be less than 20%; For the second application for provident fund personal housing loan, the down payment ratio shall not be less than 30%. (Responsible Department: Municipal Provident Fund Management Center)

Five, reduce the burden of personal housing consumption. Support the city housing provident fund management center and commercial banks to moderately increase the issuance of personal housing mortgage loans, and encourage commercial banks to provide more favorable personal housing loan interest rates for households in accordance with the principles of legal compliance, controllable risks and sustainable business.

For families who own 1 apartment and have settled their housing loans, if they apply for loans to buy houses again in order to improve their living conditions, banking financial institutions will implement the first home loan policy, and the municipal housing provident fund management center will implement the interest rate of the first housing provident fund personal housing loan for the second time before 65438+February 3, 20221. (Responsible departments: Changchun Central Branch of the People's Bank of China, Insurance Regulatory Bureau of Jilin Bank, Municipal Provident Fund Management Center and Municipal Finance Office)

6. Give policy support to buffer payment of provident fund and deferred repayment of bank loans. Encourage the city housing provident fund management center and commercial banks to cache and delay housing loans to units, employees and individuals who are unable to pay and repay housing loans normally due to their participation in epidemic prevention and control and infection with COVID-19, and the period shall not exceed September 30, 2022. Cache and deferred payment periods are not submitted to the credit department as overdue records, and those that have been submitted shall be adjusted. (Responsible departments: Changchun Central Sub-branch of the People's Bank of China, Insurance Regulatory Bureau of Jilin Bank, and Municipal Provident Fund Management Center)

Seven, continue to implement a flexible housing provident fund portfolio loan model. Loan to buy individual housing, you can use provident fund, commercial portfolio loans and housing provident fund family portfolio loans. Family members who purchase houses include parents, children and spouses, and family portfolio loans are limited to two people. The deadline for policy implementation was extended from June 30, 2022 to 65438+February 3, 20221.

Make full use of the provident fund and commercial portfolio loan policies, and if the loan interest rate of commercial banks drops sharply, the supporting scale of provident fund loans will be tilted. (Responsible departments: Changchun Central Branch of the People's Bank of China, Insurance Regulatory Bureau of Jilin Bank, Municipal Provident Fund Management Center and Municipal Finance Office)

Eight, increase financial support for real estate enterprises. All commercial banks are encouraged to explore a credit model of moderate separation between project financing and the overall situation of enterprises on the basis of legal compliance and risk control, and implement closed management of credit projects to provide financing support for high-quality real estate development projects.

Encourage commercial banks to give priority to supporting real estate projects under construction on the basis of legal compliance and controllable risks, ensure the smooth completion of the projects, ensure sufficient project investment (including project financing), and refrain from investing in sales rebates to avoid the formation of vicious project arrears. Encourage commercial banks to innovate credit products such as "factory mortgage" and "property-secured loan", and support enterprises in financing fixed assets. Small and micro enterprises (including individual industrial and commercial households) apply for commercial housing mortgage loans and factory mortgage loans, and the financial support policies for small and micro enterprises are applicable. Those who meet the conditions of business guarantee loans are encouraged to apply for business guarantee loan policy support.

Encourage commercial banks to explore the issuance of real estate trust and investment funds (REITs) products, help real estate enterprises to revitalize existing assets, expand diversified financing channels, and give appropriate rewards to commercial banks that successfully issue the first order in our city. (Responsible departments: Changchun Central Branch of China People's Bank, Insurance Regulatory Bureau of Jilin Bank, and Municipal Finance Office)

Nine, increase financing support for construction enterprises. Encourage commercial banks to meet the reasonable financing needs of construction enterprises on the basis of legal compliance and controllable risks, strengthen the supervision of project funds, speed up the issuance of quality deposits for construction projects in accordance with laws and regulations, and ease the pressure on liquidity of enterprises.

In order to speed up the resumption of real estate development projects, the development enterprise can sign the Principal Creditor's Rights and Real Estate Mortgage Contract with the contractor in the form of loans, and the contractor will apply for bank loans to register the mortgage rights of the projects under construction, and the loan funds will be used exclusively for the continuation expenses of this project. (Responsible departments: Changchun Central Sub-branch of China People's Bank, Insurance Regulatory Bureau of Jilin Bank, Municipal Finance Office, Municipal Construction Committee and Municipal Housing Management Bureau)

Ten, continue to implement the housing subsidy policy. Continue to implement the "Notice on Printing and Distributing the Work Plan for Retaining (Coming) Talents, Housing Subsidies for Farmers in Cities and Issuing Consumer Vouchers" (Changfuban [2021] No.25) and the "Notice on Adjusting and Implementing the Housing Subsidy Policy for Talents in Cities and Farmers" (Changfuban [2021] No.42), for eligible fresh graduates and farmers, (Responsible departments: Municipal Finance Office, Municipal Finance Bureau and Municipal Housing Authority)

XI。 Support tax relief. It is indeed difficult to pay property tax and urban land use tax due to the epidemic, and it is difficult to reduce or exempt property tax and urban land use tax according to law. Real estate enterprises that meet the tax refund conditions can apply for VAT refund within the tax declaration period.

If it is really difficult for the owner of the house to pay the property tax and land use tax after the rent reduction due to the epidemic, he shall apply for the reduction or exemption in accordance with the conditions stipulated in Article 2 of the Announcement of Jilin Provincial Department of Finance and Jilin Provincial Taxation Bureau on Matters Related to the Reduction or Exemption of Property Tax and Land Use Tax (Jicai Announcement [2022]14). (Responsible department: Municipal Taxation Bureau)

Twelve, adjust the supervision policy of commercial housing pre-sale funds. Eligible commercial banks are allowed to issue letters of guarantee for real estate development enterprises to replace pre-sale supervision funds with letters of guarantee. For real estate development projects involving construction in 2022, the balance of the pre-sale supervision fund account of commercial housing can be withdrawn in advance according to the application of the development enterprise, which will be used exclusively for the resumption of work and production of this project, and the subsequent sales of commercial housing should be fully supplemented. (Responsible department: Municipal Housing Authority)

Thirteen, revitalize the basement and parking space assets. For basements and underground parking spaces that have obtained the right to use state-owned land and have handled the certificate of immovable property rights, they can apply for mortgage registration. Under the premise of meeting the requirements of planning and civil air defense, basements and underground parking spaces with clear boundary points can apply for real estate property registration upon application. (Responsible departments: Municipal Housing Authority, Municipal Planning Bureau, Changchun Central Branch of China People's Bank)

Fourteen, adjust the mortgage registration restrictions. According to the Notice on Handling Mortgage of Houses under Construction and Pre-sale of Commercial Houses (Z.Zi. [2021] No.5) jointly issued by the Municipal Housing Management Bureau and the Municipal Planning Bureau, the unsold commercial houses after the first registration of real estate can be registered as mortgages, and the funds will give priority to ensuring the needs of project construction; Real estate development enterprises are allowed to change the state of private houses to the state of commercial housing filing after the expiration of the restricted listing period or the cancellation of mortgage rights. (Responsible departments: Municipal Housing Authority and Municipal Planning Bureau)

Fifteen, continue to implement the policy of withholding property maintenance funds by stages. The implementation period of the Notice on Suspension of Batch Withholding of Special Maintenance Funds for Property issued by the Municipal Housing Management Bureau on August 30th, 20021is extended to February 30th, 2022. (Responsible department: Municipal Housing Authority)

Sixteen, held online housing fair. According to the situation of epidemic prevention and control, the Changchun Housing Fair will be held online in time to encourage real estate enterprises, financial institutions, media and self-media to actively participate, give policy support and increase publicity to further meet the demand for rigid and improved housing. (Responsible department: Municipal Housing Authority)

Seventeen, accelerate the construction of public service facilities. Timely announce the construction, completion progress and put-into-use time of public service facilities such as education and medical care around development projects, accelerate the construction progress of public service facilities for projects that have not started and are under construction, and ensure that they are delivered within the published time limit. (Responsible departments: Municipal Education Bureau, Municipal Health and Health Commission and Municipal Construction Committee)

Eighteen, protect the legitimate rights and interests of all parties. Development and construction projects that cannot be resumed at the scheduled time due to force majeure such as epidemic situation may be postponed or reasonably re-determined through consultation between real estate development enterprises and construction units; If the house cannot be delivered at the time agreed in the contract, the real estate development enterprise shall promptly notify the purchaser and negotiate with the purchaser to postpone the delivery date appropriately, which shall be decided by both parties to the transaction through consultation. (Responsible unit: Municipal Housing Authority)

Nineteen, strengthen market supervision. Adhere to the orientation of "housing without speculation", and in accordance with the general requirements of "stabilizing land prices, housing prices and expectations", continue to carry out rectification actions in the real estate market, strengthen market supervision over real estate development, housing sales, housing leasing and property services, and better meet the reasonable housing needs of buyers. (Responsible departments: Municipal Housing Authority and Municipal Market Supervision Bureau)

Twenty, strengthen the guidance of online public opinion. Improve the online public opinion monitoring mechanism, timely and accurately interpret the policy situation, take the initiative to respond to social concerns, rectify the chaos of network communication, create a good atmosphere of market public opinion, and severely crack down on acts that disrupt market order, such as publishing false information, malicious speculation, exaggerating panic and misleading market expectations. (Responsible department: Municipal Party Committee Information Office, Municipal Housing Management Bureau)

The above measures shall be implemented as of the date of promulgation, and the validity period is tentatively set at 2 years, unless there is a clear time limit and other provisions.

General Office of Changchun Municipal People's Government

May 5(th), 2022