Gyeonggi-do Provincial Government to Supply 1,131 Social Housing Units This Year
Feb 20, 2025
Gyeonggi-do announced on the 20th that it will establish and implement the '2025 Gyeonggi-do Social Housing Implementation Plan" to promote the supply of 1,131 social housing units.
Social housing is a type of rental housing supplied or operated by social economic entities to homeless people for the purpose of realizing social values, and the province expects to supply long-term rental housing to homeless people to ensure a stable period of residence for tenants and revitalize the community led by social economic actors.
This year's target volume of 1,131 consists of 100 specialized purchase rental housing units through ▲Gyeonggi Housing and Urban Innovation Corporation (GH), 72 contracted purchase rental housing units ▲ 959 specialized purchase rental housing units through Korea Land and Housing Corporation (LH).
Specialized purchase rental housing is a project in which the public purchases space and services suitable for the characteristics of tenants, such as social economic entities (non-profit corporations, public interest corporations, social cooperatives, etc.), and the public purchases them and grants the proposer the right to select tenants and operate leases. Rent operators, such as social economic entities, provide differentiated housing services, such as operating and supporting programs to enable tenants to engage in various community activities.
In the second half of this year, the provincial government and Gyeonggi Housing and Urban Innovation Corporation will recruit and announce social housing operators who will be granted the right to operate rental housing, receive business proposals, and proceed with the purchase review process. The provincial government and the Gyeonggi Housing and Urban Innovation Corporation are considering improving the 'Building Purchase Price Calculation Method' to increase the participation rate of social economic actors and the purchase agreement rate, and plan to finalize it before the business competition this year.
A social housing academy for provincial residents, city and county officials, social economic actors, and public institutions will also be held in the first half of this year to promote education and publicity to revitalize social housing.
Meanwhile, the province has been promoting communication using social economic actors for three existing public rental housing complexes (3,000 households) of the Gyeonggi Housing and Urban Innovation Corporation since last year. The province is reviewing the performance and considering ways to expand the business destination.
Social housing is a type of rental housing supplied or operated by social economic entities to homeless people for the purpose of realizing social values, and the province expects to supply long-term rental housing to homeless people to ensure a stable period of residence for tenants and revitalize the community led by social economic actors.
This year's target volume of 1,131 consists of 100 specialized purchase rental housing units through ▲Gyeonggi Housing and Urban Innovation Corporation (GH), 72 contracted purchase rental housing units ▲ 959 specialized purchase rental housing units through Korea Land and Housing Corporation (LH).
Specialized purchase rental housing is a project in which the public purchases space and services suitable for the characteristics of tenants, such as social economic entities (non-profit corporations, public interest corporations, social cooperatives, etc.), and the public purchases them and grants the proposer the right to select tenants and operate leases. Rent operators, such as social economic entities, provide differentiated housing services, such as operating and supporting programs to enable tenants to engage in various community activities.
In the second half of this year, the provincial government and Gyeonggi Housing and Urban Innovation Corporation will recruit and announce social housing operators who will be granted the right to operate rental housing, receive business proposals, and proceed with the purchase review process. The provincial government and the Gyeonggi Housing and Urban Innovation Corporation are considering improving the 'Building Purchase Price Calculation Method' to increase the participation rate of social economic actors and the purchase agreement rate, and plan to finalize it before the business competition this year.
A social housing academy for provincial residents, city and county officials, social economic actors, and public institutions will also be held in the first half of this year to promote education and publicity to revitalize social housing.
Meanwhile, the province has been promoting communication using social economic actors for three existing public rental housing complexes (3,000 households) of the Gyeonggi Housing and Urban Innovation Corporation since last year. The province is reviewing the performance and considering ways to expand the business destination.
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This article was translated by Naver AI translator.
