Housing fund is a kind of compulsory housing reserve. It is an individual housing consumption fund established by the way of "personal storage and unit funding" in accordance with national policies. So can decorate a house draw housing accumulation fund? What materials should be prepared for withdrawing housing accumulation fund?
What is the extraction condition of housing accumulation fund?
（1） Purchasing, constructing, renovating or overhauling self-contained houses;
（2） Leaving or retiring; (3) completely losing the ability to work and terminating the labor relationship with the unit;
（4） Leaving the country and settling down;
（5） Repaying the principal and interest of the loan for self housing;
（6） The rent expenditure exceeds 5% of the family wage income;
（7） Life is difficult
How should housing accumulation fund be drawn?
（1） Provide relevant supporting materials that meet the conditions for withdrawing provident fund
If the conditions for withdrawing provident fund are met, relevant supporting materials shall be provided, and then an application shall be submitted to the unit. For example, when employees apply for housing accumulation fund, they should provide their own ID card and copies; when purchasing pre-sale commercial housing (including affordable housing), they should provide the recorded pre-sale contract of commercial housing and the down payment receipt; when purchasing the house for demolition and reconstruction, they should provide the agreement for demolition and reconstruction and the receipt for house payment printed by the municipal real estate management department.
（2） Collect transfer
If they are on-the-job employees, they can apply to the unit for housing provident fund with the receipt (which should be available at the time of normal resignation, and will also be reviewed by the personnel department and the finance department), and the unit where they work will verify and prove it, and will issue an effective certificate for housing provident fund withdrawal.
（3） Apply to the provident fund management department for withdrawal with the original and copy of the voucher and the withdrawal certificate of provident fund issued by the unit
The provident fund management department will generally make a decision on whether to approve the withdrawal within 3 days from the date of accepting the application and notify the applicant. If the withdrawal is not allowed after examination and approval, the provident fund management department will also inform the applicant of the reasons for not allowing the withdrawal. If the withdrawal is approved, the employee shall go through the withdrawal formalities at the handling bank with the ID card and the withdrawal certificate of the provident fund approved by the provident fund management department, and the bank will transfer the funds to the account designated by you.