The two departments issued a document: Indemnificatory rental housing loans are not included in the concentration management
Banks and enterprises join hands to promote the construction of affordable rental housing
The reporter learned on February 8 that the People's Bank of China and the China Banking and Insurance Regulatory Commission issued a notice clarifying that loans related to affordable rental housing projects are not included in the management of real estate loan concentration, and encouraging banking financial institutions to comply with laws and regulations, control risks, and commercial feasibility. On a sustainable basis, we will increase support for the development of affordable rental housing.
The reporter noticed that developers and financial institutions have cooperated before to jointly explore a new development model of financial support for the construction of affordable rental housing.
On February 8, the A-share real estate sector and real estate development sector rose 1.08% and 2.53% respectively.
Text/Guangzhou Daily All Media Reporter Zhao Fangyuan Wang Chuhan Lin Xiaoli Zhang Lu
policy
There will be stronger lending support for affordable rental housing
On February 8, the reporter learned from the official website of the China Banking and Insurance Regulatory Commission that the People's Bank of China and the China Banking and Insurance Regulatory Commission issued the "Notice on Indemnity Rental Housing-Related Loans Not Included in the Concentration Management of Real Estate Loans" (hereinafter referred to as "" Notice), clarifying that loans related to affordable rental housing projects are not included in the concentration management of real estate loans, and encouraging banking financial institutions to increase support for the development of affordable rental housing in accordance with the principles of legal compliance, risk control, and commercial sustainability strength.
The "Notice" states that it is clear that loans related to affordable rental housing projects are not included in the concentration management of real estate loans, which will help banking financial institutions to increase credit for affordable rental housing projects, support the construction of my country's housing security system, and help promote Establish a housing system with multi-subject supply, multi-channel security, and simultaneous rent and purchase.
In the next step, the People's Bank of China and the China Banking and Insurance Regulatory Commission will accelerate the establishment and improvement of the housing leasing financial system, continue to increase financial support for the construction of affordable housing and the development of the long-term rental market, and promote a virtuous circle and healthy development of the real estate industry.
The reporter noticed that the central bank's policy proposed two important contents: first, loans related to affordable rental housing are not included in the management of the concentration of real estate loans.
Second, the intensity of loans for affordable rental housing should be increased.
"From these two points of view, the starting point of the policy is to provide stronger loan support for affordable rental housing." Yan Yuejin, research director of the Think Tank Center of E-House Research Institute, analyzed that this policy is after the merger and acquisition loan exited the housing loan concentration assessment. The second example of the loosening of the mortgage concentration policy not only shows that the general direction of the mortgage concentration policy remains unchanged, but also reflects the active optimization of the mortgage concentration policy.
The central bank's policy will increase the motivation of housing companies to apply for loans, and will provide greater impetus for the faster and better development of affordable rental housing this year.
market
2022 will vigorously increase the supply of affordable rental housing
The reporter noticed that as early as December 2020, the People's Bank of China and the China Banking and Insurance Regulatory Commission issued the "Notice on Establishing a Concentration Management System for Real Estate Loans of Banking Financial Institutions", which proposed the concentration management of real estate loans for the first time, requiring banks to The balance of real estate loans and personal housing loans of commercial financial institutions shall not exceed the corresponding upper limit by file.
In June 2021, the General Office of the State Council issued the "Opinions on Accelerating the Development of Affordable Rental Housing", clarifying the basic system and supporting policies for affordable rental housing.
In terms of financial support, support banking financial institutions to provide long-term loans to self-sustaining entities of affordable rental housing in a market-oriented manner, and treat them differently when implementing real estate credit management.
The National Housing and Urban-Rural Development Work Conference held at the beginning of the year pointed out that in 2021, 40 cities across the country will raise 942,000 new affordable rental housing units. In 2022, the supply of affordable rental housing will be vigorously increased. Annual construction and financing of 2.4 million sets (rooms) of affordable rental housing.
"In fact, affordable rental housing projects have the characteristics of light assets, heavy capital, and a slow return cycle. If it is promoted only by the company's own funds, it is difficult for ordinary enterprises to support it." Guangzhou Real Estate Leasing Association Chairman Liu Xin said.
The development of affordable rental housing is inseparable from the help of finance.
The reporter noticed that under the pressure of assessment of the concentration of real estate loans, banks slowed down the pace of real estate loans, but affordable housing projects and rental housing projects are expected to become rare "bright spots" in real estate investment.
Taking China Construction Bank Guangzhou Branch as an example, as of the end of 2021, China Construction Bank Guangzhou Branch has provided credit support for more than 70 affordable rental housing projects, with a credit amount exceeding 10 billion yuan.
real estate
Existing real estate developers
Join hands with financial institutions for financial exploration
"Affordable rental housing is a new type of housing security. This policy is to support the issuance of the "Opinions on Accelerating the Development of Affordable Rental Housing" by the General Office of the State Council last year from a financial perspective. The strength of credit support for construction and operation supports banking financial institutions to provide long-term loans to self-sustaining entities of affordable rental housing in a market-oriented manner." An industry insider engaged in affordable rental housing said in an interview with a reporter from Guangzhou Daily.
He said that in the past, affordable rental housing and ordinary housing were regulated in a unified way, but the policy states that affordable rental housing loans are not included in the management of the concentration of real estate loans, which is equivalent to listing the funds invested in affordable rental housing. Financial institutions enter the driving force of affordable rental housing, and increase the financing of affordable rental housing to better promote the long-term development of affordable rental housing.
The reporter noticed that developers have cooperated with financial institutions before to jointly explore a new development model of financial support for the construction of affordable rental housing.
At the end of January this year, China Construction Bank and China Poly Group signed a strategic cooperation agreement on the development of affordable rental housing.
According to public information, in order to promote the implementation of the business, Poly Development plans to establish a rental housing development fund with CCB and its subsidiaries, which will be used for asset-heavy investment holding, incubation and cultivation of rental housing projects. After the project matures, it will exit through the issuance of publicly offered REITs.
While building a closed loop of full-process investment and financing, the platform integrates the advantages of both parties of Poly Construction Bank to build a full-life-cycle business model of affordable rental housing from early incubation, construction and operation to later activation.
According to public data, since 2006, Poly Group has built more than 100 policy-based affordable housing projects, with a construction area of 9.5 million square meters and an investment of more than 70 billion yuan.
Poly Development has specially established Poly Apartment Management Co., Ltd. to carry out professional operation of rental housing business.
Currently, there are 89 rental housing projects and 19 retirement apartments under management, with a construction area of 1.67 million square meters and 42,000 rooms.
Bank
The proportion of affordable rental housing loans is not high, and the vacated amount is limited
A relevant person from a major state-owned bank in South China told reporters that the accelerated development of affordable rental housing is like a "timely rain", which has released a positive signal from the financial sector to increase financial support for the development of affordable rental housing. The credit grant to affordable rental housing projects will be promoted, and the relevant requirements for financial support for affordable rental housing will be implemented.
Regarding the impact of the entire real estate industry, the person believes that the introduction of this opinion is still to adhere to the principle of "housing and not speculating" to promote a virtuous circle and healthy development of the real estate industry.
"Because the proportion of the loan quota for affordable rental housing was not high before, after it is not included in the management of the concentration of real estate loans, the amount vacated is limited, which also means that commercial housing loans will not increase significantly." The person added road.
Another bank source revealed that the People's Bank of China and the China Banking and Insurance Regulatory Commission have recently set up the statistical indicators of affordable rental housing loans based on the identification standards provided by the Ministry of Housing and Urban-Rural Development, and separately counted relevant loans that meet the conditions.
After the implementation of the above-mentioned measures, the conditions for implementation will be met without including loans related to affordable rental housing projects in the management of the concentration of real estate loans.
The "Notice" also clearly pointed out that from the date of issuance, the relevant loans issued by banking financial institutions to affordable rental housing projects that hold the certificate of affordable rental housing projects will not be included in the management of the concentration of real estate loans.