The government is considering polices to increase rental subsidies for people living in social housing who get married and have children, Premier Cho Jung-tai (卓榮泰) said yesterday.
During an interview with the Plain Law Movement (法律白話文) podcast, Cho said that housing prices cannot be brought down overnight without affecting banks and mortgages.
Therefore, the government is focusing on providing more aid for young people by taking 3 to 5 percent of urban renewal projects and zone expropriations and using that land for social housing, he said.
Photo courtesy of Plain Law Movement
Single people living in social housing who get married and become parents could obtain 50 percent more subsidies for their first child and another 50 percent for their second, he said.
The government is stepping up efforts to collect and publish regional rental prices to make rental prices more transparent, he said.
The publication of regional rental prices would help young people know whether the rent they pay is above, below or in line with the average, he said.
Social housing landlords would be prohibited from raising rent by other means, such as by inflating utility charges, as they are required to abide by a standardized government-issued contract, Cho said.
Leasing and management companies providing such services to landlords are obligated to use the standardized contracts, he added.
The government hopes its promotion of lease and management services would facilitate the rental of otherwise unused and empty properties to disadvantaged families, students or out-of-town workers, he said.
That would help reduce the financial burden for local governments in terms of constructing more social housing, he said.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is expected to start construction of its 1.4-nanometer chip manufacturing facilities at the Central Taiwan Science Park (CTSP, 中部科學園區) as early as October, the Chinese-language Liberty Times (the Taipei Times’ sister newspaper) reported yesterday, citing the park administration. TSMC acquired land for the second phase of the park’s expansion in Taichung in June. Large cement, construction and facility engineering companies in central Taiwan have reportedly been receiving bids for TSMC-related projects, the report said. Supply-chain firms estimated that the business opportunities for engineering, equipment and materials supply, and back-end packaging and testing could reach as high as
CHAMPIONS: President Lai congratulated the players’ outstanding performance, cheering them for marking a new milestone in the nation’s baseball history Taiwan on Sunday won their first Little League Baseball World Series (LLBWS) title in 29 years, as Taipei’s Dong Yuan Elementary School defeated a team from Las Vegas 7-0 in the championship game in South Williamsport, Pennsylvania. It was Taiwan’s first championship in the annual tournament since 1996, ending a nearly three-decade drought. “It has been a very long time ... and we finally made it,” Taiwan manager Lai Min-nan (賴敏男) said after the game. Lai said he last managed a Dong Yuan team in at the South Williamsport in 2015, when they were eliminated after four games. “There is
Democratic nations should refrain from attending China’s upcoming large-scale military parade, which Beijing could use to sow discord among democracies, Mainland Affairs Council Deputy Minister Shen You-chung (沈有忠) said. China is scheduled to stage the parade on Wednesday next week to mark the 80th anniversary of Japan’s surrender in World War II. The event is expected to mobilize tens of thousands of participants and prominently showcase China’s military hardware. Speaking at a symposium in Taichung on Thursday, Shen said that Chinese Minister of Foreign Affairs Wang Yi (王毅) recently met with Indian Prime Minister Narendra Modi during a visit to New Delhi.
FINANCES: The KMT plan to halt pension cuts could bankrupt the pension fund years earlier, undermining intergenerational fairness, a Ministry of Civil Service report said The Chinese Nationalist Party (KMT) caucus’ proposal to amend the law to halt pension cuts for civil servants, teachers and military personnel could accelerate the depletion of the Public Service Pension Fund by four to five years, a Ministry of Civil Service report said. Legislative Speaker Han Kuo-yu (韓國瑜) on Aug. 14 said that the Act Governing Civil Servants’ Retirement, Discharge and Pensions (公務人員退休資遣撫卹法) should be amended, adding that changes could begin as soon as after Saturday’s recall and referendum. In a written report to the Legislative Yuan, the ministry said that the fund already faces a severe imbalance between revenue