Home-owners

921 eligible economic housing applicants have been approved to select economic housing units to purchase

The city’s Housing Bureau has approved 921 family economic housing applications as eligible to proceed on to the next step of acquiring the housing, according to a press release published by the Housing Bureau yesterday. The number represents 48.5 per cent of the total applications lodged.
A total of 1,900 family economic housing applications were received by the bureau, of which 1,811 applications have had a substantive review completed by the Bureau.
In total, 921 eligible applicants will be allowed to select their units, accounting for 50.9 per cent of the total reviewed applications.
On the other hand, 554 applications were rejected through the review process, accounting for 30.6 per cent.
Another 152 applications are required to hand in additional documents in order to proceed further, accounting for 8.4 per cent of the total, and 69 applicants, or 3.8 per cent, of these requested to withdraw their applications.
Finally, 115 applications, or 6.3 per cent, were suspended from the selection process.
Up until December 16 of last year, the Bureau had arranged 719 eligible applicants to purchase their economic housing units, of which 712 applicants selected their units and the rest chose to give up their options and did not show up for selection.
In addition, up until now, more than 60 confirmation letters have been sent out by the Bureau to inform the new eligible applicants to submit further documents within 30 days.