Mokpo City Signs Implementation Agreement for Urban Regeneration New Deal Project with LH

Supply of 60 Integrated Public Rental Housing Units and Creation of Public Benefit Facilities

Mokpo City and LH have signed a joint business agreement to create integrated public rental housing and public convenience facilities. (Photo by Mokpo City)

[Mokpo=Asia Economy Honam Reporting Headquarters Reporter Jeong Hyeong-seok] On the 27th, it was announced that Jeonnam Mokpo City and LH (Korea Land and Housing Corporation) signed a joint project implementation agreement on the 26th to create integrated public rental housing and public convenience facilities (Eoullim Platform).

The joint agreement project is part of the '1897 Open Port Culture Street Urban Regeneration New Deal Project' and involves constructing rental housing and public convenience facilities (Eoullim Platform) to stabilize local residents' housing and improve regional public services.

Through this, 60 units of integrated public rental housing will be supplied targeting youth, newlyweds, basic livelihood security recipients, and persons with disabilities.

Through this implementation agreement, Mokpo City (securing project sites, supporting administrative tasks) and LH (construction, construction supervision, and other construction-related tasks) have detailed their respective roles and established all matters including the operation of rental housing for over 30 years.

Both organizations plan to complete administrative procedures such as housing construction project plan approval in the second half of this year, start construction by the end of the year, and complete the integrated public rental housing and Eoullim Platform by December 2024.

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