SH Corporation and Jung-gu Sign Agreement for Creation and Operation of Public Housing Resident Facilities in Namsan Town

[Asia Economy Reporter Yuri Kim] Seoul Housing and Communities Corporation (SH Corporation) and Jung-gu, Seoul, will collaborate to revitalize the local community of Namsan Town public housing.

SH Corporation and Jung-gu announced on the 18th that they signed a business agreement on the 17th for the "Joint Operation of Namsan Town Public Housing Resident Community Facilities (Community Revitalization Space)" utilizing idle spaces in resident community facilities.

This agreement aims to create and operate a community revitalization space by jointly utilizing the idle spaces within the resident community facilities of Namsan Town rental apartments, following a request from the tenant representative meeting of the complex.

The community revitalization space is scheduled to open in May next year and will be established in a 528㎡ idle space on the 2nd floor of the management building of Namsan Town rental apartments at 32 Dasan-ro, Jung-gu. It will be operated as an indoor exercise facility, indoor children's facility, multipurpose room, and small meeting spaces.

The project budget will be funded with approximately 610 million KRW from Jung-gu’s budget in accordance with Article 10-3 of the "Act on Supporting the Improvement of Quality of Life for Long-term Public Rental Housing Residents" and Article 2 of the Enforcement Decree of the same law. The annual operating cost is expected to be around 280 million KRW.

Since public funds are being invested, to allow more residents to use the facilities, legal requirements were met by obtaining consent from 1,071 households (54.1%) out of 1,979 resident households excluding 55 vacant units among 2,034 rental apartment households, in accordance with Articles 29 and 29-2 of the Enforcement Decree of the "Apartment Management Act." As a result, residents of 3,166 units in nearby Namsan Town sale apartments can also use the facilities. Consequently, a total of 5,150 tenant and resident households living in Namsan Town apartments will benefit from this project.

Kim Seyong, President of SH Corporation, said, "This agreement is significant as a local government and a public corporation have cooperated to actively support the revitalization of the local community." He added, "SH Corporation plans to continue actively cooperating in utilizing idle spaces in resident community facilities within rental apartments when tenant consent and local government requests are made."

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