Two loan schemes
I refer to the letter headlined 'Homeowners struggle with repayments' (South China Morning Post, November 16).
We think the 'First Home Ownership Scheme' referred to by your reader is actually the Home Starter Loan Scheme, which is operated by the Hong Kong Housing Society, not the Hong Kong Housing Authority mentioned by your correspondent. This loan scheme is for first-time home buyers and loans are interest payable.
Housing loans offered by the Housing Authority through the Home Purchase Loan Scheme, are interest-free.
At present, we are providing loans up to $660,000 for green form applicants (public housing tenants) and $410,000 for white form applicants (non-public housing tenants).
Senior Publicity Manager/News
Hong Kong Housing Authority