Yongin City to Provide 1.628 Billion KRW for Renovation of Aging Facilities in Apartment Complexes This Year

[Asia Economy (Yongin) = Reporter Lee Young-gyu] Yongin City in Gyeonggi Province has decided to support 1.628 billion KRW this year for the repair costs of aging facilities in multi-family housing and the communal electricity fees of public rental apartments, and will accept applications from desired complexes until the 11th of next month.

The application targets are multi-family housing that has been completed for more than 7 years, including apartments, multi-unit houses, and row houses.

Support will be provided for repairs of common facilities such as main roads of the complexes, water supply and sewage pipes, children's playgrounds, roof and exterior wall repairs, as well as installation of basic facilities to improve the working environment of security guards.

In particular, from this year, the cost of elevator replacement for aging multi-family housing over 15 years old has been included in the support items.

For general multi-family housing, support of 10 million to 50 million KRW can be received depending on the number of households, within 50% of the total construction cost. For small-scale multi-family housing, support of 10 million to 20 million KRW can be received depending on the household size, within 90% of the total construction cost.

The city has revised the scoring table to fairly support subsidies for multi-family housing by giving extra points to complexes selected as exemplary management complexes within the last 3 years, those that have formed inter-floor noise committees, and those that have improved the working environment of security guards, while deducting points for complexes fined for violating the Multi-Family Housing Management Act.

Complexes wishing to receive subsidy support should submit the subsidy application form, a resolution from the residents' representative council or apartment management committee, and a detailed business plan to the Housing Management Division of City Hall within the application period.

However, for small-scale multi-family housing where the residents' representative council or management committee is not formed, a written consent form signed by more than two-thirds of all owners must be attached.

The city plans to finalize and notify the supported complexes in March after deliberation by the Multi-Family Housing Support Review Committee.

Detailed information can be found through the city website's public notices.

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