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Choice of subsidy schemes for tenants

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The decision yesterday to expand the Home Starter Loan Scheme to public housing tenants allows them to benefit from at least four subsidy schemes.

For instance, a six-member family living in a 480-square-foot flat in the Housing Authority's Yiu Tung Estate, Shau Kei Wan, pays $2,000 a month rent - a discount of about 70 per cent on current market rents.

Under the revised loan scheme, two of the family's non-principal tenants - say, the two sons - could combine to apply for a $600,000 loan to buy a flat, as could the two daughters.

Neither group can earn a monthly income exceeding $70,000.

The couple remains entitled to three housing schemes offered by the Housing Authority: the Home Ownership Scheme, the Home Purchase Loan Scheme and the Tenant Purchase Scheme.

The first two require the couple to give up its public housing flat.

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