Securing Resident Consent Rate for Anyang 3-dong District Designation "First Case of Residential Regeneration Innovation District"

Securing Two-Thirds Resident Consent Rate Required for Designation, Resident Consent Forms Delivered on 23rd
Public Housing 410 Units and Living SOC to be Built with 261.9 Billion KRW Investment

Korea Land and Housing Corporation (LH) announced on the 30th that it has secured more than two-thirds of resident consent, the requirement for district designation, for the first time among the seven candidate sites for the Residential Regeneration Innovation District announced by the government last April, specifically in the Anyang Anyang 3-dong Residential Regeneration Innovation District.

The "Residential Regeneration Innovation District" project aims to create a complex hub centered on residential functions and living SOC in declining urban areas to establish a foundation for the city's autonomous growth and expand housing supply. This project was first introduced in the 2.4 Plan. It has the advantage of applying various incentives such as increased national and local government funding support, relaxation of regulations including zoning and floor area ratio increases.

Anyang Anyang 3-dong is a declining residential area with over 80% of the houses aged, where private-led development was difficult due to challenges in securing project feasibility amid increasing development pressure. In response, LH held public hearings with residents since last September and secured 71% based on the number of landowners and 67% based on land area, meeting the resident consent rate requirement of two-thirds for district designation. Additionally, on the 23rd, LH held a resident consent form delivery ceremony together with Anyang City.

Through this project, LH plans to transform Anyang Anyang 3-dong (21,417㎡) into a pleasant residential environment by applying incentives such as zoning upgrades and building regulation relaxations. With a project budget of 261.9 billion KRW, LH will construct 316 public sale housing units and 94 public rental housing units, along with living SOC facilities such as public parking lots and sports facilities to further enhance the convenience of local residents.

LH plans to accelerate follow-up procedures using the secured resident consent rate as momentum and aims to designate the district in January next year. In particular, early next year, a design competition will be held to create a creative and high-quality housing complex, and the selection of construction companies and establishment of project plans reflecting residents' opinions will be completed by next year. After district designation, the project will proceed with goals of △relocation and compensation negotiations (2023) △construction start (2024) △resident move-in (2027).

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