The central bank issued affordable housing re-loan, authoritative interpretation: 300 billion quota is used like this

On May 17th, it is understood that the scale of affordable housing reloan is 300 billion yuan, the interest rate is 1.75%, the term is 1 year, and it can be extended 4 times. Authoritative sources pointed out that this tool is conducive to playing the role of the market mechanism and promoting the real estate industry to accelerate the transformation to a new development model. The reloan tool launched this time is also a useful attempt to increase the supply of affordable rental housing through the acquisition of stock housing by state-owned enterprises, and promote "both rental and purchase" to better meet housing needs at different levels. It is understood that the new tool is a continuation of the rental housing loan support program. Previously, the People's Bank of China has established a rental housing loan support plan, and has piloted market-based mass purchases of existing housing in some cities to expand the supply of rental housing. The pilot has been implemented in various cities in an orderly manner, and a commercially sustainable model has been initially formed. This policy adjustment is also equivalent to promoting the pilot experience to the whole country.