HCMC to Build 50,000 Rental Housing Units by 2030, Offering Loans Up to 300 Billion VND Per Project

Ho Chi Minh City authorities are committed to developing approximately 50,000 affordable rental housing units between 2026 and 2030, addressing the significant demand for housing in the city. This initiative aligns with directives from national leaders to resolve housing challenges and improve living conditions for residents.

The plan involves optimizing resources by converting a portion of resettlement housing and surplus public assets into rental accommodations. This strategy aims to create a modern, sustainable rental housing ecosystem that reflects the city's status as a civilized and compassionate urban center.

According to the Department of Construction, the city faces a demand for about one million social housing units. The target of 50,000 rental units is part of a larger goal to develop over 181,000 social housing units in the specified period. These will include units built on enterprise land, state-provided land, and through public investment.

To facilitate this development, businesses involved in building rental housing will be eligible for loans of up to 300 billion VND per project. The city is also exploring various avenues for rental housing, including public investment projects, national housing funds, worker dormitories, and the conversion of existing public housing stock.

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The city is acting with the highest determination. Today's conference aims to find breakthrough solutions in land, capital, and management models to soon form a modern and sustainable rental housing ecosystem, worthy of a civilized, modern, and compassionate city.