New Rental Housing Policy | Rental Voucher Scheme To Be Launched

Govt is planning to launch a new rental housing policy or rental voucher scheme under which selected class of people will get monthly rental from Govt. This scheme will target the BPL class or below poverty level people who are living in cities. As per sources this plan will be implemented soon in 100 smart cities.

Under this rental voucher scheme, Govt is going to spend more than 2,700 crore money to help urban poor people by providing rental voucher of certain amount. The amount will be decided by urban local body on the basis of class or size of the dwelling unit and the prevalent rent in the city. The government is also exploring the option of direct benefit transfer in this voucher scheme. According to Census 2011, about 27.5% of urban residents lived in rented houses in 2011.

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Although this may be launched in phases and it is expected that the initial launch will be for 2017-18 financial year in the smart cities. As per National Sample Survey (NSS) there are more than 35% people of urban households lived on rent in 2009.

If the new rental housing scheme, Govt will transfer the rental voucher of certain amount to the selected BPL families. After that that family can go for a rental accommodation and provide the rental voucher to landlord. Later landlord can redeem these vouchers from nearest any citizen service bureau. In case the rent is higher than the voucher amount, tenant have to pay the remaining amount by cash or suitable way as per the agreement between the landlord & tenant.

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The government would also monetize the confiscated benami properties for construction of affordable homes to address the housing shortage.

“The recent implementation of the Benami Properties Act and rules open up another option for rental housing. An enabling provision would be inserted in the rules that houses confiscated by Central government which cannot be auctioned, could be let out by the Central government or through state governments as rental housing for the middle income group (MIG), LIG and economically weaker section (EWS) depending on the suitability and location of such properties,” the official said.

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Source of this news is Economic Times.

New Rental Housing Policy | Rental Voucher Scheme To Be Launched
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