Nowon-gu Signs Agreement to Support Safety Inspection Costs for Junggye-dong Jinah Apartment Reconstruction

Nowon-gu, Seoul (Mayor Oh Seung-rok) announced on the 3rd that it has signed an agreement to support the safety inspection costs for the reconstruction of Junggye-dong Jin Apartment.

The district, the first in the nation to start providing full interest-free loans for apartment reconstruction safety inspection costs, signed an agreement with Junggye-dong Jin Apartment, the second recipient of this support this year. Junggye-dong Jin Apartment is a 210-unit apartment located at 103 Junggye-dong, completed in 1988.

Through the agreement, the district will advance approximately 86 million KRW for safety inspection costs and guarantee insurance subscription fees for Junggye-dong Jin Apartment. This is to support the prompt reconstruction of aging apartments that have had difficulties securing safety inspection funds. The goal is to start the safety inspection service this month and complete it by February 2024.

Earlier, on the 16th of last month, after receiving consent forms and applications from more than 50% of land and property owners, the district completed document screening and notified the resident representatives of the loan decision on the 2nd. Following the notification, the resident representatives who applied for guarantee insurance on the loan collateral amount received interest-free loan support through the agreement. Administrative support was provided promptly from application to support.

The safety inspection costs must be repaid in a lump sum in cash either when the loan period expires or before applying for project implementation approval. The loan period is three years from the date of the agreement and can be extended annually up to a maximum of 10 years.

Meanwhile, there are currently a total of five reconstruction safety inspection projects underway in Nowon-gu, with 25 sites having passed the on-site preliminary safety inspections. Thirteen sites have already passed the safety inspections.

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