Shenzhen Housing Fund Center issued the draft for soliciting opinions on two supplementary regulations, one is about the management regulations for Shenzhen Housing Fund loans, and the other is about matters related to interest subsidies for Shenzhen Housing Fund. It is proposed to increase the maximum amount of Housing Fund loans in Shenzhen, and to increase the interest subsidy for depositing employees. For individual employees applying for Housing Fund loans, the maximum amount is proposed to be raised from the current 0.5 million yuan to 0.6 million yuan; for families jointly applying for Housing Fund loans, the maximum amount is proposed to be raised from the current 0.9 million yuan to 1.1 million yuan.
In response to the national childbirth support policy and to better meet the rigid and improved housing needs of depositing employees, the supplementary regulations on loans are clear. The maximum amount for purchasing first homes, families with multiple children buying homes, and purchasing Shenzhen affordable housing can be adjusted upwards by 20% to 40%. For families with multiple children purchasing affordable housing, the maximum amount can be increased by 60%; for families with multiple children buying their first home, the maximum amount can be increased by 80%; if meeting all three criteria for an increase, the maximum amount can be raised by 100%, meaning individual employees can apply for a maximum loan of 1.2 million yuan, and jointly applying families can get a maximum loan of 2.2 million yuan.
To prevent the liquidity risk of the Housing Fund, the supplementary regulations on loans propose adjusting the mechanism for dynamic adjustments of the maximum amount concurrently. Specifically, when the individual loan rate of the Shenzhen Housing Fund is in the range of 85% to 95% at the end of the previous year, the proposed adjustment is to retract the upper limit by 20 percentage points; if the individual loan rate of the Shenzhen Housing Fund reaches 95% or more at the end of the previous year, the increase policy will be temporarily suspended.
