Roles
The Authority operates the Tenants Purchase Scheme, the Home Ownership Scheme and the Private Sector Participation Scheme.
The Authority it operated a loan scheme for low income home buyers, which provided interest-free loans of up to HK$530,000 or monthly mortgage subsidies of up to HK$3,800 to help low-income individuals or families to buy their own flats.
More than 8,000 low-income families are subsidised, although the scheme was halted in 2003 pending a review. In June 2004, the definitive scrapping of the scheme was announced.
Read more about this topic: Hong Kong Housing Authority