The Ministry of Social Development and Human Security (MSDHS) has launched a cheap rental housing scheme to help low-income earners that will see 100,000 homes built nationwide in four years with jobs offered to tenants.
Minister Chuti Krairiksh recently kicked off Open House, a housing project run by Keha Sukpracha Plc.
Mr Chuti said the company has a registered capital of 500 million baht, of which 245 million baht is held by the National Housing Authority (NHA). The rest was invested by another six shareholders who are not government agencies. He said the Keha Sukpracha project will need about 60 billion baht to build 100,000 housing units. The investment will come from the private sector and the project is expected to be completed in 2025.
He said the project is also meant to help create jobs for residents and promote economic communities that include farming, livestock, retailing, hospitality careers and small-scale industry. Eligible applicants are Thai citizens affected by Covid-19, the unemployed, disabled people, the elderly, retired civil servants and those affected by land expropriation by the government.
Recipients must not earn over 30,000 baht per month per household. Two of the first pilot projects are in Bangkok. One is the Keha Sukpracha Chalongkrung project which will provide 302 houses and the other is the 270-home Keha Sukpracha Romklao project.