Tibet to build 42,000 affordable houses in 2017

Xinhua, March 7, 2017 Adjust font size:

China's Tibet Autonomous Region will build 42,000 affordable houses this year to improve housing conditions of more than 100,000 people, local authorities said Monday.

Tibet will speed up reconstruction of urban shanty towns this year and expand renewal areas into key towns, border ports and old residential communities, said officials with the Housing and Urban and Rural Construction Department of Tibet.

Tibet has been rolling out affordable housing schemes since 2006 in an effort to provide homes to people unable to buy them at market prices.

The region completed construction of 210,000 such state-subsidized or public housing projects between 2011 and 2015.

Tibet has also invested a total of 28 billion yuan (about 4 billion U.S. dollars) in affordable housing projects for 2.3 million farmers and herdsmen since 2006.

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