Yongin City to Inspect the Actual Conditions of Local Housing Cooperatives

On-site Inspections for 13 Local Associations Starting from the 7th
Checking for Violations Such as Recruitment Ads and Membership Fee Refunds

Yongin Special City in Gyeonggi-do will conduct an on-site inspection to ensure transparency of local housing cooperatives and prevent harm to cooperative members.

The inspection targets 13 cooperatives that are currently recruiting members or have completed establishment approval and are progressing with their projects. By project stage, there are ▲5 cooperatives recruiting members ▲1 cooperative with establishment approval ▲4 cooperatives with project approval ▲3 cooperatives under construction.

The city will form its own inspection team and visit construction sites or offices from the 7th to the 18th to check operational status.

This inspection will verify compliance with the local housing cooperative system, including ▲explanation of important matters during member recruitment ▲adoption of public recruitment methods ▲withdrawal from the cooperative and refund of membership fees. It will also check the cooperative’s fund management, contract specifications, performance reporting, and disclosure of materials.

A city official said, “We will closely examine the operational status through this inspection to ensure that citizens do not suffer damages during the process of joining local housing cooperatives.”

Local housing cooperatives are a system established under the Housing Construction Promotion Act to support home ownership for the homeless. When 20 or more homeless individuals secure land and establish a cooperative, they are recognized as the project entity and the project is permitted.

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