Gyeonggi-do to Supply 8,550 'Social Housing' Units Addressing Rental Housing Issues

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi-do will supply 8,550 social housing units by 2026 to complement the shortcomings of existing rental housing, stabilize residents' housing, and realize social values such as social integration through the activation of social housing.

Gyeonggi-do announced on the 14th that it has finalized the "2026 Gyeonggi-do Social Housing Basic Plan" containing these details.

Social housing is a type of public housing provided by private developers at rents lower than market prices by utilizing land owned by the public sector.

The province is promoting the "Gyeonggi-do-type social housing," a long-term rental housing owned by social economy entities and supplied to any homeless person regardless of income.

The core vision of this basic plan was set as "Leading the spread of a community housing culture of living together through the supply of Gyeonggi-do-type social housing."

The four promotion strategies are ▲ supplying social housing in line with housing welfare policies ▲ establishing social housing hubs and utilizing local communities ▲ creative approaches to expand supply ▲ building a social housing supply ecosystem.

Specifically, the province will supply high-quality housing with good residential environments in accordance with housing welfare policies during the social housing supply process, and strengthen support for vulnerable groups and tenants.

By establishing social housing regional hubs, the participation of local communities in social housing projects will be enhanced, and creative ideas such as linking social finance will be discovered and applied to expand supply. In particular, a Social Housing Support Center (tentative name) will be established, or an integrated platform for supporting social housing supply and operation will be created to build a social housing supply ecosystem.

Hong Ji-seon, Director of the Urban Housing Office of Gyeonggi-do, emphasized, "To continuously activate social housing, we plan to establish an annual Gyeonggi-do social housing implementation plan based on this basic plan," adding, "We will actively promote social housing projects to realize universal housing welfare and social values for Gyeonggi residents."

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