Hamyang-gun and Korea Land & Housing Corporation Sign Joint Management Agreement for Happy Housing

Efficient and Professional Housing Management Support: Maintenance Cost Reduction and Stable Residential Environment Creation

Seochunsoo, Hamyang County Governor, Signs Joint Management Agreement for Happy Housing (Photo by Hamyang County)

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Hamyang-gun, Gyeongnam announced on the 28th that it has agreed to mutually cooperate and signed an agreement with Korea Land and Housing Corporation for the efficient and professional management and operation of Hamyang-gun Happy Housing.

The signing ceremony was conducted in a non-face-to-face written format to prevent the spread of the novel coronavirus infection (COVID-19).

Hamyang-gun Happy Housing is public rental housing supplied with financial support from the national or local governments or the Housing and Urban Fund, aimed at stabilizing housing for young people such as university students, early career workers, newlyweds, and single-parent families.

All 200 units of Happy Housing are allocated with 128 units for university students, early career workers, and newlyweds, and 40 units for those aged 65 or older and housing benefit recipients. University students and early career workers can reside for up to 6 years, and the elderly can stay for up to 20 years.

The county completed recruitment and application for tenants by October 30, is currently verifying the eligibility of applicants, and plans to start move-ins from the end of January next year.

The main content of the agreement between the county and Korea Land and Housing Corporation is that the corporation will establish a cooperative system for joint selection of entrusted management companies and housing management for the joint management of public rental housing in the county, and the county will support the necessary tasks for the management and operation of public rental housing.

Through this agreement, it is expected that the efficient and professional housing management support from Korea Land and Housing Corporation will reduce maintenance costs of Happy Housing (joint rental housing) and create a stable residential environment.

Seo Chun-soo, the mayor of Hamyang-gun, said, “With this business agreement, we will supply affordable and good-quality public rental housing to young generations facing housing difficulties,” and added, “We will strengthen the cooperative system and do our best to create a happy city for residents and improve housing welfare.”

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