SH Corporation to Supply 1,400 Rental Housing Units through Autonomous Housing Maintenance Project
Jin Nam-young (left), representative of the Bulkwang-dong 442 Residents' Agreement Group in Eunpyeong-gu, Kim Se-yong (center), CEO of Seoul Housing and Communities Corporation (SH Corporation), and Kim Seong-gi, representative of the Bulkwang-dong 480 Residents' Agreement Group in Eunpyeong-gu, are taking a commemorative photo on the 25th at the SH Corporation headquarters located in Gangnam-gu, Seoul, after agreeing to jointly promote the autonomous housing maintenance project.
View original image[Asia Economy Reporter Onyu Lim] Seoul Housing and Communities Corporation (SH Corporation) will supply 1,400 rental housing units for young adults and newlyweds through the autonomous housing maintenance project by 2022.
On the morning of the 25th, SH Corporation announced that it signed a joint project implementation agreement for the autonomous housing maintenance project with the resident consensus bodies of 442 Bulgwang-dong and 480 Bulgwang-dong, Eunpyeong-gu.
The autonomous housing maintenance project is a business under the Special Act on the Maintenance of Vacant Houses and Small-scale Housing, implemented since February 2018, where owners of old detached and multi-family (row) houses form resident consensus bodies through unanimous agreement and renovate or construct houses by themselves.
SH Corporation plans to supply 1,400 rental housing units through the autonomous housing maintenance project by 2022. SH Corporation explained, "Through the autonomous housing maintenance project, we will improve the residential environment of low-rise residential areas and actively secure public rental housing by increasing the floor area ratio."
According to this business agreement, SH Corporation will procure project funds through the Housing and Urban Guarantee Corporation (HUG), implement the SH-type autonomous housing maintenance project, and purchase all constructed houses as rental housing to supply them for newlyweds.
Hot Picks Today
Taking Annual Leave and Adding "Strike" to Profiles, "It Feels Like Samsung Has Collapsed"... Unsettled Internal Atmosphere
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- Seventysomething Woman Dies After Being Hit by Private Ambulance Running Red Light with Siren On
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
- On Teacher's Day, a Student's Gifted Cake Had to Be Cut into 32 Pieces... Why?
Kim Gilsang, Director of Urban Regeneration Planning at SH Corporation, said, "With today's agreement, we have taken the first step in the autonomous housing maintenance project," and added, "We will strive to revitalize small-scale housing maintenance projects to expand housing supply for young adults and newlyweds in Seoul."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
