Dobong-gu Ssangmun and Dobong-dong Aging Low-Rise Residential Area Home Repair Support Up to 20 Million KRW

Support for 50-100% of construction costs by housing type, up to 20 million KRW... Annual 0.7% low-interest loans for construction costs supported

Ssangmun 1-dong Residential Performance Improvement Support Area

[Asia Economy Reporter Park Jong-il] Owners of old houses in Ssangmun 1-dong area and Dobong 1-dong high-rise district in Dobong-gu (Mayor Lee Dong-jin) who wish to repair their homes will receive home repair subsidies from the 'Seoul Beautiful Home Project.'

These two areas were newly designated as 'Housing Performance Improvement Support Zones' to revitalize home repairs in old and deteriorated low-rise residential areas at the 4th Small-scale Housing Authorization Subcommittee of the Seoul Urban Regeneration Committee held on the 9th.

The 'Housing Performance Improvement Support Zone' is an area designated to allow support for home repairs even outside the previously designated 'Urban Regeneration Activation Areas' and 'Managed Residential Environment Improvement Project' zones, which had received various home repair support policies from Seoul City.

Low-rise houses over 20 years old accounting for more than 60% in scenic and high-rise districts can be designated as 'Housing Performance Improvement Support Zones' through the review of the Urban Regeneration Committee.

The two newly designated areas in Dobong-gu are the Ssangmun 1-dong area (201,420.7㎡) and the Dobong 1-dong area (529,610.7㎡) high-rise districts.

Accordingly, owners of old houses in these areas will receive home repair subsidies from the 'Seoul Beautiful Home Project' when repairing their homes. Depending on the type of housing, 50-100% of construction costs, up to a maximum of 20 million KRW, will be supported.

Additionally, a low-interest loan at an annual rate of 0.7% for construction costs is available. The loan limit is 80% of construction costs, up to a maximum of 60 million KRW.

The district expects that the two newly designated areas, which include sites for urban regeneration projects, will help in future applications for urban regeneration activation projects.

Lee Dong-jin, Mayor of Dobong-gu, stated, “With the designation of the Housing Performance Improvement Support Zones in Ssangmun 1-dong and Dobong 1-dong high-rise districts, we expect sustainable residential environment improvements in the densely populated old low-rise housing areas.”

Dobong 1-dong Area (Maximum Altitude Zone) Housing Performance Improvement Support Zone

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