Receiving 15 Billion KRW in National Funds for Rapid Redevelopment... Call for Small-Scale Housing Maintenance Candidate Sites

Ministry of Land and Metropolitan Local Governments Joint Call for Small-Scale Housing Maintenance Management Areas

An old residential area in Seoul

The Ministry of Land, Infrastructure and Transport announced on the 27th that it will conduct the '4th Call for Candidates for Small-scale Housing Maintenance Management Areas' jointly with Gyeonggi Province and six major metropolitan cities nationwide to revitalize the small-scale housing maintenance management areas introduced last year through the 'Public-led 3080+ Metropolitan Area Housing Supply Plan.'

Small-scale housing maintenance management areas are regions where new and old houses coexist, making large-scale development difficult in low-rise residential areas. To systematically and swiftly renovate these areas, small-scale housing maintenance management plans are established, and small-scale housing maintenance projects and infrastructure installation are carried out simultaneously. During maintenance projects, special measures such as relaxation of building regulations and national funding support for infrastructure can be received.

If the selected candidates are designated as small-scale housing maintenance management areas in the future, they will receive up to 15 billion KRW in national funding to create necessary local infrastructure such as roads, parking lots, and parks.

Eligible areas for participation in the call are regions less than 100,000 square meters with more than 50% of old or poor-quality buildings. Due to the nature of small-scale housing maintenance management areas, which renovate old low-rise residential areas where large-scale redevelopment is difficult, areas where redevelopment is underway or planned are excluded.

This call for candidates is conducted jointly with Gyeonggi Province and six major metropolitan cities nationwide following the third call for candidates in Seoul to efficiently manage candidate sites.

Applications will be accepted nationwide except for Seoul, and the final candidates will be selected in May through a review by an evaluation committee consisting of the Ministry of Land, Infrastructure and Transport, metropolitan local governments, and experts.

The call for applications will be open from April 4 to April 11 through the Korea Real Estate Board Communication Center (Small-scale Housing Maintenance Integrated Support Center).

If selected as a candidate, the Ministry of Land, Infrastructure and Transport will support the establishment of small-scale housing maintenance management plans, hold resident briefings, and consider priority payment for infrastructure costs.

The areas selected as candidate sites will have management plans established under the supervision of the local basic government, and after public inspection by residents and review by the metropolitan government’s urban planning and regeneration committee, they will be designated as management areas.

The reference date for rights assessment for this candidate will be separately announced by the relevant local government according to regional conditions.

Nam Young-woo, Head of the Public Housing Promotion Team at the Ministry of Land, Infrastructure and Transport, said, "Through the small-scale housing maintenance management area system, we will continue to provide comprehensive support such as improving project conditions, consulting with residents and related organizations, and supporting infrastructure costs to ensure that old low-rise residential areas can be efficiently, systematically, and swiftly renovated."

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