Research On The Financing System Of China’s Low-income Housing

Current affordable housing financing system capital mainly comes from the following several parts:One is the financial capital, including special subsidy funds of the central and provincial government andthe local government annual budget funds.; Two is the net proceeds of housing accumulation fund; Three isthe annual land sales revenue or a certain proportion of land transfer net income, generally is l0%; Four islocal housing from the sale of rental. According to the strength of the current economic development in ourcountry, the central government budget funds can’t full package security room construction funding gap,only limited to solve some difficult areas in the construction of affordable housing in the funding gap. Wassupposed to be the most important source of local fiscal spending, but because the financial system in ourcountry is in economic construction from financial to pay attention to the livelihood of the people in theprocess of public finance, for the pursuit of economic benefit of local government, will tend to financecapital investment in economic construction, to a serious shortage of affordable housing constructionbudget spending, budget funds is very difficult to in a short period of time to meet the requirements oflarge-scale construction of affordable housing. Because the public accumulation fund for housingconstruction belongs to the public welfare fund, the net income is relatively low, after deducting thenecessary operating costs can be used in housing construction funds is also very limited. Although the landtransfer income is the main source of fiscal revenue of local government, but this part of the real benefitsand potential benefits, is regarded as "tang’s monk meat", can be used in the amount of money very fewaffordable housing construction. Current affordable housing financing system and affordable housingconstruction fund big demand there is a big gap, therefore, it is necessary to build a perfect affordable housing financing system, to promote the affordable housing construction.This paper consists of four parts. Introduction comes to the first. It begins with the background and themeaning of this topic. Then it comprehensively analyses the relative articles. Finally it points out thepossibility of creativity and defects. the realistic issue that the recent financing system of low-incomehousing cannot meet the development and limit the improvement of social security system. Secondly, itelaborates the function of promoting the realization of the housing project and reassignment of socialsecurity. Thirdly, it comprehensively analyzes the relative literature about financing on low-income housingat home and abroad. Finally, it points out the possible innovation and inadequacies. The following partmainly summarizes the relative concepts and theories about the financing system of low-income housing,figures out the concepts of low-income housing, the housing financing and the financing system oflow-income housing, and puts forward that the theoretical foundation of low-income housing is publicproducts, fairness and efficiency, dysfunction of market and government intervention. The third part is thestatus and problems of housing financing system, such as the single financing channels, unscientificsupport mechanism, unreasonable provident fund system, and utilization of funds. The fourth part putsforward some practical suggestions to improve the financing system of low-income housing, includingbroadening the financing channels, playing the leading role in financing, perfecting the financing supportmechanisms, improving the housing accumulation fund system, and ensuring the rational use of the funds.