The financial department of Xiangyang City, Hubei Province raised 1.044 billion yuan to support the transformation of old communities

On November 4, the reporter learned from the Xiangyang City Finance Bureau that since this year, the financial department has seized the major policy opportunities of the central government to implement the transformation of old communities, gave full play to the role of the financial function, and did everything possible to raise funds and guarantee the work. Up to now, the city has raised a total of 1.044 billion yuan for the construction of old community reconstruction projects.

According to the relevant person in charge of the Xiangyang City Finance Bureau, in the past two years, the bureau, together with the Municipal Development and Reform Commission and the Municipal Housing and Urban-rural Construction Bureau, has strived for a total of 536 million yuan in subsidies for the construction of central affordable housing projects. The project construction subsidy funds have all been allocated to the urban areas and development zones, and are used exclusively for the renovation of the urban old communities. The municipal and district financial budgets arrange the "two reforms" project funds totaling 103 million yuan, which are mainly used for the preliminary work of the old community reconstruction project, demolition violations, and project promotion work subsidies.

In addition, in accordance with the project investment budget, this year's municipal finance has allocated 240 million yuan in general government bond funds for infrastructure construction and renovation projects around old communities in the urban area, which has promoted the improvement of the surrounding environment of the old communities. At the same time, the municipal and district finances mobilize and guide the residents of old communities, pipeline units, and urban investment through resource matching, construction first and supplement later. Support the construction of the "two reforms" projects in the form of donating workers, free support, providing pipeline materials, and funding construction. Various investment funds are equivalent to 165 million yuan, which has promoted the healthy development of the renovation of old communities. Various investment funds are equivalent to 165 million yuan, which has promoted the healthy development of the renovation of old communities.