Gyeonggi Urban Corporation, Public Participation Contest for Street Housing Maintenance Project

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Urban Innovation Corporation is conducting a public participation street housing maintenance contest project.

The street housing maintenance project is a project that improves the residential environment on a small scale while maintaining the existing street blocks densely packed with old buildings.

Gyeonggi Urban Innovation Corporation provides various benefits such as ▲expansion of the project implementation area ▲exemption from the price ceiling system ▲fund financing benefits ▲support for relocation loan amounts, if conditions such as supplying more than 10% public rental housing are met.

Applications are accepted from the 25th of this month to the 9th of next month.

Gyeonggi Urban Innovation Corporation will receive contest applications from August 10 to 21, conduct candidate site evaluations, and finally select the project candidate sites in December.

For more details, please visit the Gyeonggi Urban Innovation Corporation website (www.gico.or.kr) or contact the Urban Regeneration Project Department (031-220-3593~3594).

Jang Dong-woo, Head of the Residential Regeneration Headquarters at Gyeonggi Urban Innovation Corporation, promised, "We will actively consider regeneration plans for aging residential areas, such as the public participation street housing maintenance contest project, to improve residents' housing welfare."

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