Urban renewal comes by yourself! The maximum subsidy from the Ministry of Interior is 11 million

Ministry of Interior. (File photo)

The Ministry of the Interior has announced the "Instructions for self-implemented renewal of Central Urban Renewal Fund subsidies from 2012 to 115" on August 1, and local governments have begun to accept applications. For communities interested in promoting autonomous renewal, the Ministry of the Interior announced today that it will provide a "first pot of gold" support, with subsidies of up to 11 million yuan, allowing the government to become the backing of autonomous urban renewal communities.

The Ministry of the Interior explained that in the past, when people promoted urban renewal on their own, they often faced difficulties such as difficulty in integrating residents, lack of professional capabilities, and the need to invest funds in advance to organize renewal meetings and start the planning stage. Therefore, the newly added renewal subsidy for this revision will be set up with 1 million yuan for work and early-stage promotion, and a professional team will be entrusted to handle the early-stage planning and related work of the urban renewal project to help build consensus among residents, lower the threshold for early-stage promotion, and introduce professional forces to take the first step in independent renewal.

The Ministry of the Interior added that this time, the amount of subsidies for subsequent urban renewal projects and rights transformation planning will be increased simultaneously from 8 million yuan to 10 million yuan, which will substantially reduce the financial burden of community management urban renewal planning stage.

The Ministry of the Interior stated that the government is continuing to expand its independent urban renewal management capabilities, including promoting the urban renewal regulations, and the draft amendments to the regulations on accelerated reconstruction of dangerous urban and old buildings have been sent to the Legislative Yuan this year, and it is hoped that the Legislative Yuan will complete the third reading as soon as possible. People who are interested in participating in urban renewal can obtain government assistance from both legal and practical aspects, including providing implementation funding subsidies and credit guarantees, to establish an independent urban renewal bureau with government support, household ownership and professional support.

The Ministry of the Interior reminds you to contact your local local government or go to the "Urban Renewal Portal - Independent Renewal Subsidy Area" for inquiries.