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URA supports Government’s new initiatives on housing to meet housing needs and improve living environment
In response to the announcement made by the Chief Executive in the 2019 Policy Address today (10 October 2019) on the new initiatives on housing, a spokesman of the Urban Renewal Authority (URA) said the URA welcomes the Government’s new initiatives and will render its full support. Relevant studies will be undertaken to devise the implementation framework for submission to the URA Board for deliberation and approval.
Committed to pushing forward the renewal of old urban districts, the URA will secure resources for the implementation of the new housing initiatives in the coming years to help meet the housing needs and improve the living environment of the people in Hong Kong.
In light of Government’s announcement made earlier on its plan to enhance four building rehabilitation subsidy schemes, namely Operation Building Bright 2.0, Lift Modernisation Subsidy Scheme, Fire Safety Improvement Works Subsidy Scheme and Building Maintenance Grant Scheme for Elderly Owners, the URA will provide additional resources to take forward the implementation of these schemes so as to assist more needy owners to properly maintain and repair their buildings, in the hope of ultimately slowing down the pace of urban decay.