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Legislation Evaluation on Public Rental Housing

  • Public Land Law Review
  • Abbr : KPLLR
  • 2017, 80(), pp.1-23
  • Publisher : Korean Public Land Law Association
  • Research Area : Social Science > Law

Min, Tae-Wook 1

1한성대학교

Accredited

ABSTRACT

Newly amended ‘Special Law on Public Rental Housing’ has resolved many problems which had been pointed out by the academic world for years. Nevertheless, there are some important issues to be compensated. Standard for the source of construction money should be established in law. The key point of public rental housing is fund supply needed for construction and maintenance. Public rental housing is leased to low - income bracket at a low price, it is operating at a loss consistently. So it is desirable to raise fund that is needed for construction from public sector which is not obliged to redeem. Now government burden is determined by the administration based on the standard price which is distinguished from actual price. And a significant portion is borrowed from private sector as condition for paying interest. It is in need to discuss carefully about fund supply. Conversion of public rental housing for sale that happens after 5~10 years rent is not coinside with its nature, because from the beginning developer pursues sale to the middle class. In regard to sale price of public rental housing, many conflicts occur between developer and lessee. There are so many different types that do not seem to vary significantly, so it is difficult for people to understand public rental housing and for administrative office to manage. It is desirable to simplify types of public rental housing. Up to now public rental housing has been supplied mainly by national agency, but in the future major role is replaced by local government which is well versed in resident and situation.

Citation status

* References for papers published after 2022 are currently being built.