Billions for low-cost housing - Thailand

Billions earmarked for low-cost housing - Bangkok Thailand

A Bt3-million fund has been pledged to fund housing projects for low-income earners in a two-year project that runs until next year, Social Development and Human Security Minister Issara Somchai said yesterday.

A request for a Bt1-billion should be tabled and approved at the Cabinet meeting today, said Prime Minister Abhisit Vejjajiva. He was delivering an opening statement at a Bangkok seminar yesterday at the United Nations headquarters. He said Thailand would be part of the UN project aimed at providing low-cost homes for 100 million slum dwellers worldwide by the year 2020.Somchai said another Bt2 billion would be mobilised from the Thai Khemkhaeng fund. The entire Bt3-billion budget will be used to give out as soft loans to people living in 1,000 slums both inside and outside Bangkok. The government has provided such loans to 86,000 families, out of a total of 200,000. Somboon Sing-ging, an advocate for low-cost housing projects, submitted a seven-point proposal to the government, including amendments to forestry and land laws that were against basic constitutional rights, and the setting up of a national fund to give soft loans relating to land purchases.

Keywords: - Bangkok, Thailand, low cost housing, Social Development, government, Somboon Sing-ging, national fund, families, slums

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