'From Gosiwon to Social Housing'... LH Announces Private Purchase Agreement-Type Social Housing Acquisition Notice

▲ Private Purchase Agreement Type Social Housing Selection Procedure (Provided by LH)

[Asia Economy Reporter Lee Chun-hee] Korea Land and Housing Corporation (LH) announced on the 8th that it will begin purchasing 'Private Purchase Agreement-type Social Housing' to expand social housing supply and revitalize local communities.

The Private Purchase Agreement-type Social Housing is a system introduced for the first time this year. Under the existing system, LH invited applications from organizations to operate social housing from houses it already owned, but going forward, social economy entities will take full responsibility from the design and construction to the operation of social housing.

Since the social housing operator is selected simultaneously with the purchase agreement signing and participates from the early stages of construction, it is expected that demand-tailored housing supply will be possible by reflecting necessary residential facilities and common spaces in the design in advance.

Because the social housing operator is selected at the time of the purchase agreement and participates from the early construction phase, demand-tailored housing can be supplied by incorporating residential facilities and common spaces necessary for social housing operation into the design.

Applicants for the operator must be social economy entities such as cooperatives, social enterprises, or non-profit corporations. If they have construction and design capabilities, they can apply individually, and if not, they can apply by forming a consortium with construction companies, etc.

The purchase targets are multi-family houses, row houses, urban-type residential housing, or residential officetels with exclusive areas of 85㎡ or less per household. This year, 25 autonomous districts in Seoul and 10 areas in northern Gyeonggi have been selected as pilot project targets for purchase. LH plans to analyze the results of the pilot project and consider expanding the purchase areas and supply volume in the future.

In particular, LH plans to prioritize purchasing housing with themes such as 'urban non-residential facility utilization type' like goshiwons or officetels, 'local government-linked type,' and 'professional organization-linked type' in this recruitment.

Oh Seung-sik, head of LH Seoul Regional Headquarters, said, “The Private Purchase Agreement-type Social Housing will be specialized as housing with various themes tailored to demanders such as youth and artists," adding, "We hope it will serve as a catalyst to form resident communities and revitalize local communities through sharing residents' talents.”

This content was produced with the assistance of AI translation services.