Taiwan raises incentives for private developers donating social housing
Translated from Chinese and summarized by DistantNews. Read the original for the full story.
At a glance
- Taiwan’s Interior Ministry has raised the floor-area incentive for private projects donated as social housing to twice the building area, or up to 1.8 times the statutory floor-area limit.
- The amended rules apply to 14 counties and cities outside Taiwan’s six special municipalities; authorities hope the six municipalities will follow.
- Social housing obtained through the incentives will prioritize newly married couples and families with minor children, with 10,000 additional family units planned over the next three years.
Taiwan is offering private developers more building capacity in exchange for donated social housing, as the government seeks to expand the national supply.
The Interior Ministry amended the relevant regulations in August. Under the changes, donated social-housing projects in 14 counties and cities outside the six special municipalities can receive floor-area incentives equal to twice the building area, or an increase to 1.8 times the statutory floor-area limit.
The eligible areas include Keelung, Hsinchu, Chiayi, Hsinchu County, Miaoli, Nantou, Changhua, Yunlin, Chiayi County, Pingtung, Yilan, Hualien, Taitung and Penghu. The central government will receive the donated housing.
Authorities said the units secured through the policy will go first to families who married within the past two years or who have minor children. Taiwan had 243,400 social-housing units nationwide by the end of July. Nine cities and counties are expected to release a combined 1,000 housing units for newly married couples and families with children this year.
The government plans to release another 10,000 such units nationwide over the next three years. It also hopes the six special municipalities, along with Kinmen and Lienchiang, will amend their own regulations and support a goal of reserving 40% of social housing for families with marriage or child-rearing needs. Another stated aim is to allow families with children aged six or younger to remain securely housed for 12 years.
Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.