Central government social housing plan reportedly cut back; New Taipei mayor asks for continued funding
Taiwan's central government is said to be sharply scaling back its social housing construction target, which is bad news for young people, low-income families, and local governments counting on that money.
- Housing groups say the national target for government-built social housing has been slashed from 130,000 units to 30,000, with rent subsidies possibly shrinking too.
- New Taipei mayor Hou Yu-ih said his city will take a hit and urged the central government to keep the funding flowing so building can continue.
- Interior Minister Liu Shyh-fang insists the promise to support a million renting families has not changed.
- New Taipei had planned about 52,000 directly built units; if the central government shifts to subsidized private rentals instead, that could drop to 39,000.
Outlook: New Taipei says it will keep building either way, but its targets likely slip unless central funding is confirmed.