Poster for Seongnam City's Small-scale Multi-family Housing Subsidy Support Project Guide

Poster for Seongnam City's Small-scale Multi-family Housing Subsidy Support Project Guide

View original image

Seongnam City in Gyeonggi Province is accepting applications for the 'Small-scale Multi-family Housing Subsidy' support project until December 29.


This project supports the improvement of aging communal facilities to create a pleasant living environment in old small-scale multi-family housing.


The eligible housing includes multi-family houses and row houses built with permits according to the Building Act, as well as residential-commercial mixed-use apartments with fewer than 150 households, where the building has been approved for use for 15 years or more. Seongnam City estimates there are 4,385 such multi-family housing units.


The support areas include ▲maintenance and repair of rooftop communal areas ▲maintenance and repair of exterior wall leakages ▲replacement of aging communal water pipes ▲repair of roads, sidewalks, security lights, and above-ground parking lots within the complex ▲dredging and repair of sewage systems ▲emergency repairs of stone retaining walls, retaining walls, and cut slopes.


In particular, maintenance and repair of rooftop communal areas are supported for buildings that have been approved for use for 5 years or more.


The subsidy covers up to 80% of the total project cost, with a maximum support amount of 20 million KRW. The remaining costs are borne by the respective multi-family housing.


Applications can be submitted by a representative who has obtained approval from the residents' representative meeting or consent from two-thirds of the residents.


Seongnam City will select the eligible small-scale multi-family housing through on-site inspections and deliberations by a review committee by April next year.



This year, Seongnam City supported 4 billion KRW for improvement works on aging communal facilities in 88 small-scale multi-family housing units.


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing