As part of President Tsai Ing-wen's commitment to housing justice, the government aims to make available 200,000 rental-only social housing units over eight years to provide safe and secure residences to those unable to purchase homes of their own, including young people, middle-class workers, single-parent families, people with disabilities, and senior citizens. Toward that end, the government will construct 120,000 new units, provide 80,000 units subleased from private owners and managed on their behalf, and offer floor-area ratio bonuses to increase the supply of housing. The introduction of the managed subleasing scheme creates a market-balancing mechanism of reciprocal adjustments between the home rental and purchase markets, which in turn will stabilize supply and demand and further protect the public's right to housing.
■ The Housing Act has been amended to provide complementary measures for implementing the social housing policy. In accordance with the act, the central government also assists local governments with land acquisition, financing, taxation issues and the formation of implementation teams.
■ State-owned land not designed for public use may now be leased on a long-term basis or utilized without remuneration by local governments. This drastic reduction in costs has created more avenues for acquiring land and resources.
■ To help local governments resolve funding issues, a social housing financing service platform has been created as a means of providing low-interest, long-term loans for social housing projects.
■ In accordance with the Rental Housing Market Development and Regulation Act, a professional subleasing and management services system was created to help both parties to a lease handle rental housing matters, including day-to-day maintenance, rent collection, communication and mediation. To encourage public participation, the government also subsidizes rent for disadvantaged tenants, and provides participating landlords with home improvement and safety insurance subsidies, as well as preferential incentives for land value tax, housing tax and individual income tax.
■ The National Housing and Urban Regeneration Center has been established to help the central government apply business principles to running social housing projects.
■ To build quality residences that people can appreciate, social housing units incorporate green and smart technologies, seismic-code standards, and accessibility features for people with disabilities. The homes are also linked to community child care and long-term care facilities.