Ensure affordable housing
China Daily | Updated: 2010-04-13 08:17
Government-subsidized housing for low- income residents is one way to redistribute social wealth and ensure decent living conditions for those who can hardly afford commercial housing.
Giving the right people access to such housing is a challenge for government and affects social stability.
There have been reports that a number of residents who live in such subsidized housing drive luxurious cars like BMW or Audi. The latest reports show that 299 of all applicants who have passed preliminary examinations for such apartments in the city of Shenzhen are government employees. Some reports show that a number of these applicants are now living in very expensive homes.
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