Uijeongbu City to Provide Up to 90% Support for Reconstruction Assessment Costs in Designated Maintenance Areas
Uijeongbu City Accelerates Maintenance Projects
with Support for Reconstruction Assessment Costs
Uijeongbu City in Gyeonggi Province (Mayor Kim Donggeun) announced that, in accordance with the "2035 Uijeongbu City Urban and Residential Environment Maintenance Master Plan" published on September 26, it will provide support for the cost of reconstruction assessments for aging complexes within designated maintenance areas that wish to pursue reconstruction.
The city aims to reduce the financial burden on land and property owners in designated maintenance areas promoting reconstruction projects, and to enhance the quality of residential life through the prompt implementation of maintenance projects.
If a request for a reconstruction assessment is submitted by a multi-family housing complex designated as a maintenance area and the complex is selected as a recipient, support will be provided within the allocated budget (up to 300 million won per year). As a result, it is expected that two to three multi-family housing complexes will receive support each year.
Support will be provided differentially based on the reduction criteria for each complex, with a basic subsidy of 40%, and up to 90% depending on factors such as the proportion of small units, price, number of households, and years elapsed since use inspection.
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Nam Changmin, Head of the Urban Regeneration Division, stated, "Residents of aging multi-family housing are experiencing inconvenience due to a lack of parking and outdated facilities," adding, "In line with the establishment of the 2035 Uijeongbu City Urban and Residential Environment Maintenance Master Plan, we will promptly promote redevelopment and reconstruction projects."
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