[Hunan Province's independent renewal of old housing can receive financial incentives] On September 6, the Hunan Provincial Department of Housing and Urban-Rural Development, the Provincial Department of Natural Resources, and the Provincial Department of Finance jointly issued the "Notice on Supporting the Independent Renewal of Old Housing" to support the independent renewal of eligible old housing on state-owned land in built-up areas in cities (including counties) in Hunan Province. It will be implemented from that day and will be valid for 5 years. In terms of funding, the principle of "mainly funded by property owners, supplemented by financial incentives and subsidies, and supplemented by social capital" is adhered to. Qualified projects can apply for relevant policy funds according to procedures. Support social capital to participate in the independent renewal of old housing, and encourage policy banks and commercial financial institutions to provide medium- and long-term, low-interest special loans in accordance with laws and regulations. For property owners with financial difficulties and no other housing, basic housing needs can be met through renting affordable housing during the construction period.