The role of the housing provident fund in financing affordable housing development in China

Are They Neck and Neck in the Affordable Housing Policies? A Cross Case Comparison of Three Metropolitan Cities in China

“…The ECH program was designed to provide housing for low-to lower-middle-income households by limiting the prices of affordable housing projects. The HPF program was established to combine both social savings and private savings for potential home buyers [20]. These supply-side and demand-side programs aimed at establishing a viable housing market in which households could purchase houses from the property market [30].…”

“…Policy makers at different levels are striving to search for effective ways to implement affordable housing programs efficiently and provide affordable housing for low-income groups. The central government has merely provided guidelines and relatively small loans as an initial source of financial support, while the majority of the large funds required for the implementation of the public housing provisions must be raised solely by local governments [20].…”

An Idea on Housing Vouchers Policy Making: Based on New-Type Urbanization

“…Academics have raised numbers of problems happening during indemnificatory housing system implementation. For instance, Yeung and Howes [17] insist the housing provident fund, as an important role of affordable housing development in China, inevitably imposes a financial burden on enterprises. One day must the source of funding in enterprises will diminish and finally exhausted; Long [18] considers limited land sources, unreasonable supply mode, low government enthusiasm matter indemnificatory housing construction.…”

House price appreciation and housing affordability: a study of younger households tenure choice in China

“…As the ratio for medium income group reached 10 in 2012, which means a house below 100 m2 takes 10 times of total household income. But these income group has more opportunities in obtaining financial assistance, for instance, Housing Provident Fund (HPFs), an individual savings complemented by work unit subsidy (Yeung and Howes, 2006), which to provide a mechanism through which an employee could save a given percent of their monthly income for a housing purchase (Buttimer et al, 2004).…”