What the hell is going on with the Housing Pool.

The rate of a kind of housing loan from the state is much lower than that of commercial loans.

Housing provident fund refers to the long-term housing savings fund paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, public institutions, private non-enterprise units, social organizations and their employees.

Use 1: Buy a house.

1. If you don't take out a loan to buy a house, you can withdraw the provident fund at one time;

2. The provident fund can be withdrawn for the down payment of the house purchased with a commercial loan;

3. The provident fund can be withdrawn to repay the principal and interest when buying a house with a commercial loan;

4. Provident fund (portfolio) loan can withdraw provident fund to repay principal and interest for house purchase.

Purpose 2: Construction, renovation and overhaul of housing.

Employees and their spouses who build, renovate or overhaul their own houses on rural collective land and use housing loans may apply for the withdrawal of the amount of the provident fund before the month in which the construction of the house is approved (including the current month), and the total amount withdrawn shall not exceed the cost of building the house.

Purpose 3: Rent.

1. Use the provident fund to pay the rent of the economic rental housing with the rent allocation or the first rental subsidy;

2. Use the provident fund to pay the rent of the market rental house.

Purpose 4: Parents buy houses for their children.

1. If you do not use a housing loan to purchase your own house, you can withdraw your parents' provident fund;

2. Use a personal housing loan from a commercial bank to purchase your own house, and withdraw your parents' provident fund after paying the down payment;

3. Use a personal housing provident fund (portfolio) loan to purchase your own house, and you can withdraw your parents' provident fund after paying the down payment.

Purpose 5: Cancel the account and withdraw all the balance.

1. Retired or retired;

2. Male and female workers with agricultural household registration are at least 60 years old and female at least 55 years old;

3. Those who have settled abroad, Hong Kong, Macao and Taiwan;

4. Completely incapacitated, mostly incapacitated or severely disabled, and the labor relationship is terminated or terminated by the unit;

5. Receiving unemployment insurance money;

6. Employees who have been sentenced to criminal penalties, whose household registration has moved out of the city where they are located, or who are not registered in the city where they are located, have dissolved or terminated the labor relationship with their employers;

7. The housing provident fund account has been transferred to the centralized sealed account for 2 years or the labor relationship with the original unit has been terminated for 2 years;

8. Those who work outside the administrative area of the city and establish and deposit the housing provident fund locally can withdraw all the balance of the provident fund from the closed account.

Purpose 6: Withdrawal and use included in the scope of subsistence allowance or special hardship.

If an employee is included in the scope of the minimum subsistence guarantee for urban residents or the special hardship assistance, the employee and his or her spouse may apply for the withdrawal of the housing provident fund, and the amount withdrawn shall not exceed the amount of the housing provident fund before the period when the employee is included in the scope of the minimum livelihood guarantee or the scope of the special hardship assistance.

Purpose 7: **Critical illness.

If a family member (including the employee, spouse and minor children) is hospitalized with a major illness or major surgery**, the employee and his or her spouse can apply for the withdrawal of the housing provident fund, and the application date shall be within one year from the date of discharge, and the total amount withdrawn shall not exceed the part borne by the individual of the hospitalization expenses.

First of all, to correct it, it is not the "housing fund", but the housing provident fund.

Employees who meet one of the following circumstances and can provide legal and valid certificates in accordance with the regulations can apply for withdrawal of the balance stored in the personal housing provident fund account:

1) Purchasing, constructing, renovating, or overhauling self-occupied housing;

2) Those who have reached the national statutory retirement age, or have formally gone through the formalities for retirement;

3) Completely losing the ability to work and terminating the labor relationship with the employer;

4) Those who leave the country to settle down;

5) Repayment of principal and interest on loans for the purchase of owner-occupied housing;

6) The payment of rent for self-occupied housing exceeds 15% or more of the family's monthly wage income;

7) Those who are currently enjoying the minimum subsistence guarantee for urban residents;

8) Themselves, their spouses, or their immediate family members have serious difficulties in family life due to serious illness;

9) Encountering emergencies that cause serious difficulties in family life;

10) Those who have been unemployed for more than two consecutive years, and whose per capita monthly household income is lower than the minimum wage income in that region, and whose family life is in serious difficulty;

11) The employee dies in service and has an heir or legatee to receive it; (12) The employee has an agricultural household registration or a non-municipal household registration and terminates the labor relationship with the unit to which he belongs.

The correct noun is: housing provident fund. Housing provident fund refers to the long-term housing savings fund paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, public institutions, private non-enterprise units, social organizations (hereinafter referred to as "units") and their employees.

The housing provident fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and shall not be diverted for other purposes by any unit or individual.

First of all, it is necessary to correct one point, it is the "housing provident fund", not the "housing fund". Secondly, the housing provident fund is an account opened by the unit, which is generally a part of the individual payment and a part of the unit, so that the money in the employee's provident fund account is far greater than the money paid by himself. Thirdly, when buying a house, you can use a housing provident fund loan, the interest rate is lower than that of a commercial loan, the interest rate is less, and you can also withdraw the money in the provident fund account for the house.

With the housing provident fund, you can take out a loan to buy a house, and you can repay a part of the mortgage less, or you don't have to pay it back at all.

The unit must pay the housing provident fund for the employee.

It's the same in Beijing.

Regulations on the Administration of Housing Provident Fund

Article 20 The unit shall pay the housing provident fund on time and in full, and shall not pay late or underpaid.

For units that have difficulties in depositing the housing provident fund, the contribution ratio can be reduced or deferred after being discussed and approved by the workers' congress or trade union of the unit, reviewed by the housing provident fund management center, and approved by the housing provident fund management committee; After the economic efficiency of the unit improves, the contribution ratio will be increased or the payment will be deferred.

Article 37 In violation of the provisions of these Regulations, if the unit does not handle the registration of housing provident fund deposit or does not go through the formalities for the establishment of the housing provident fund account for the employees of the unit, the housing provident fund management center shall order it to handle it within a time limit; If it is not handled within the time limit, a fine of between 10,000 and 50,000 yuan shall be imposed.