The housing provident fund refers to a social security system paid jointly by employees and employers to help employees solve housing problems.

According to relevant regulations, employers are required to deposit a certain amount of wages into employees' housing provident fund accounts in a certain proportion, and employees are also required to cooperate in depositing a certain proportion of wages.

These deposited funds will be pooled into the employees' housing provident fund accounts and managed by the employees themselves.

The housing provident fund is used as follows: 1. Purchase a house.

Employees can use the housing provident fund to purchase their own housing, or they can also use it to purchase housing for their parents and children.

Generally speaking, using housing provident funds to purchase a house needs to meet certain conditions, such as the purchaser and the house meeting relevant requirements, down payment ratio, etc.; 2. Repay the mortgage.

Employees can use the housing provident fund to repay their own or their spouse’s housing loan.

Generally speaking, using housing provident funds to repay mortgages requires meeting certain conditions, such as the lender and the house meeting relevant requirements, the repayment amount, etc.; 3. Improve housing.

Employees can use the housing provident fund for housing overhaul, decoration, maintenance and other expenses.

Generally speaking, using housing provident funds to improve housing needs to meet certain conditions, such as the housing meeting relevant requirements, the cost exceeding a certain amount, etc.

To sum up, the use of housing provident funds needs to comply with relevant regulations and conditions, and the specific regulations may differ in different regions and units.

At the same time, employees need to pay attention to relevant procedures and procedures when using housing provident funds to ensure compliance with laws, regulations and policies and avoid violations.

Legal basis: Article 1 of the "Housing Provident Fund Management Regulations" is formulated in order to strengthen the management of housing provident funds, safeguard the legitimate rights and interests of housing provident fund owners, promote urban housing construction, and improve the living standards of urban residents.

Article 5 The housing provident fund shall be used for the purchase, construction, renovation and overhaul of self-occupied housing by employees, and no unit or individual may misappropriate it for other purposes.