Hengyang, Hunan: the withdrawal housing provident fund for the purchase of new houses from June is used to pay the down payment of the first suite.

[Hengyang, Hunan: purchasing a new house withdrawing housing provident fund from June to pay the down payment of the first suite] Financial Associated Press, May 25, the Housing Provident Fund Management Committee of Hengyang City, Hunan Province, voted on May 24 to approve the Circular on adjusting the Policy on the use of Housing Provident Fund. Among them, for deposit workers applying for housing accumulation fund loans to purchase ordinary self-occupied housing, the maximum loan amount shall be adjusted from 600000 yuan to 700000 yuan; employees and their spouses who deposit housing accumulation funds in Hengyang City, if they purchase newly built commercial housing in Hengyang City and meet the conditions of the first set of housing accumulation fund loans in Hengyang, they can apply for housing accumulation fund loans to pay for the down payment of the house purchase. The notice on adjusting the Policy on the use of Housing Provident Fund will be formally implemented on June 1. (Hengyang Daily)