Korea Land & Housing Corporation (LH) said on the 10th that the "small-scale housing maintenance management area (Seoul's Moa Town, hereafter management area)" project it is pursuing has entered an activation phase, delivering results in securing management plan approvals and resident consent rates.
LH recently completed approval and public notice for management plans in four management zones in Seoul (▲ around 697-20 Nanggok-dong, Gwanak-gu ▲ around 322 Hongje-dong, Seodaemun-gu ▲ around 221-24 Noryangjin-dong, Dongjak-gu ▲ around 100-48 Bugi-dong, Jongno-gu) one year after joining the project.
With the management plans and public notices for the four management zones completed, LH will move forward with follow-up procedures such as designating an implementer or establishing an association, concluding agreements, and conducting integrated reviews.
To expedite the project, LH worked with local governments to carry out in parallel the procedures for management plan approval and public notice and the collection of resident consent forms for designating an implementer or establishing an association. As a result, in management area A2 in Nanggok-dong, Gwanak-gu, about 67% consent (legal consent rate: at least two-thirds) was secured just two months after consent collection began in December last year, and in management zone 322 in Hongje-dong, Seodaemun-gu, more than 50% consent was secured one month after procedures began.
The LH-participation street housing maintenance project can shorten the project period by allowing the omission of procedures such as maintenance plans compared with general redevelopment and reconstruction, and, with low-interest housing & urban fund loan based on LH credit, it enables stable project financing and relocation expense support. It also provides transparent project management and a range of administrative and technical support.
In particular, in management areas, business feasibility can be improved through ▲ expanded project areas (up to 40,000㎡; private sector 20,000㎡) ▲ upgrading of zoning via review ▲ easing of contributed acceptance ratios (private 50% → public participation 30%), and requirements for street blocks (roads 6 meters or wider) and for aging (60% → 50%) are also eased.
Park Hyun-geun, head of LH's Capital Region Maintenance Project Special Headquarters, said, "A maintenance approach in which the public sector shares management and risk and residents choose is becoming the new standard for small-scale maintenance," adding, "We will continue to spread a sustainable maintenance model that reduces burdens on residents and expands the supply of dwellings in urban areas, focusing on public-participation management areas."