Gyeonggi Province to Supply 8,550 Social Housing Units by 2026

[Suwon Ilbo = Reporter Park No-hun] Gyeonggi Province announced on the 14th that it has finalized the '2026 Gyeonggi Province Social Housing Master Plan' to address shortcomings in existing rental housing and pursue the supply of 8,550 social housing units by 2026 to realize social value through residential stability for province residents and revitalization of social housing, including social integration.

Social housing is a type of public housing provided by private operators using land held by the public at rental rates lower than market prices.

The province is promoting 'Gyeonggi-style social housing,' which is long-term rental housing that social economy entities own and provide to any homeless person regardless of income.

The province has set the core vision of this master plan as 'leading the expansion of community-based residential culture through Gyeonggi-style social housing supply,' and presented four promotion strategies: ▲Social housing supply in line with residential welfare policies ▲Construction of social housing hubs and utilization of regional communities ▲Creative approaches to expand supply ▲Building a social housing supply ecosystem.

Specifically, the province plans to supply housing with good quality and residential environment in accordance with residential welfare policies during the social housing supply process, and strengthen support for vulnerable groups and residents.

The province will establish social housing regional hubs to strengthen participation of regional communities in social housing projects, and will discover and apply creative ideas such as linkage with social finance to expand supply.

In particular, the province will establish a (tentatively named) Social Housing Support Center or create an integrated platform to support social housing supply and operations, thereby building a social housing supply ecosystem.

Based on these promotion strategies, the province has designed four supply models to pursue the supply of 8,550 social housing units including Gyeonggi-style social housing over five years: ▲New Town Village Type (large-scale apartment complexes built on new residential sites) ▲Regional Community Type (centered on existing communities through recruitment or applications) ▲Public-Led Type (utilizing public rental housing) ▲Creative Innovation Type (social economy entities propose various forms of social housing and superior proposals are selected for supply).

Hong Ji-seon, Director of Urban Housing for Gyeonggi Province, said, "Based on this master plan, we plan to establish a Gyeonggi Province social housing implementation plan every year for continuous revitalization of social housing," and added, "We will actively promote social housing projects to realize universal residential welfare for Gyeonggi Province residents and achieve social value."