1. The housing accumulation fund is the employee housing accumulation fund with specific purposes, which is obtained by the enterprise according to the prescribed sources. Housing accumulation fund is a fund that the state requires enterprises to establish in order to ensure and promote the smooth progress of housing system reform, realize housing commercialization and speed up housing construction.
2. The repayment period of housing provident fund is generally more than one year, and it becomes the long-term debt of the enterprise before settlement. The main sources of enterprise housing liquidity are: housing depreciation, public housing provident fund, borrowed housing provident fund and housing liquidity.
Extended data:
The misunderstanding of buying a house with housing provident fund;
1. If citizens want to buy a house through the housing provident fund loan, they need to spend it first and then withdraw it, that is, pay the down payment first, and then bring their ID cards, household registration books, marriage certificates and other supporting materials to the local housing provident fund management center to withdraw the storage balance in their provident fund;
2. The total withdrawal from the provident fund cannot exceed the total house payment. For example, a citizen can only withdraw 300,000 from the provident fund, and the remaining 654.38 million cannot be withdrawn.
3. Bank financial experts explained that whether before or after marriage, one of the husband and wife applied for provident fund loans, and there will be corresponding records in the provident fund center system. Before the last loan is paid off, neither husband nor wife can use the provident fund loan to buy a second suite. However, the first home provident fund loan has been settled, and if the husband and wife use the provident fund loan to buy a house again, it is still regarded as the first home and is not restricted by the second home policy.
To sum up, the housing accumulation fund refers to the special funds jointly raised by the state finance and units for housing system reform and housing construction according to national policies, regulations and financial system.
Legal basis:
Article 2 of the Regulations on the Management of Housing Provident Fund
The term "housing accumulation fund" as mentioned in these Regulations refers to the long-term housing savings paid by state organs, state-owned enterprises, urban collective enterprises, foreign-invested enterprises, urban private enterprises and other urban enterprises, institutions, private non-enterprise units and social organizations (hereinafter referred to as units) and their employees.