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In 2003, the new government established the plan for supplying 1.5 million units for public rental or social housing by the year of 2012 in order to obtain the low income groups' housing security. The plan will help raise the share of public rental housing stock from 2.4% to 15% of the total housing units.
We recognize that the increase of public rental housing itself is very important, considering the Korean housing market situations such as the shortage of the number of housing units, the expensiveness of housing prices, and speculation in housing trades. On the other, we believe the efficiency of implementing the public rental housing policy is also very important in order to obtain the efficient allocation of resources.
The study aims to improve the public rental housing schemes in Korea, both for fairly distributing public rental housing and also efficiently managing them. For the purpose, the study tries to re-establish the target groups, distribution and management plans of public rental housing schemes; to link the supply of public rental housing and other housing subsidy programs for low income groups; and to upgrade the public rental housing schemes, reflecting the changes of the governance in public rental housing market and thus particularly encouraging the participation of public rental housing rentees in managing “their” rental housing for “themselves”.
It consists of six chapters. Following the Introduction, Chapter 2 reviews the present situations of public rental housing market and policies. Chapter 3 shows the results of empirical surveys of both macro and micro levels of public rental housing market, including households' characteristics residing in public rental housing, the physical
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Policy Directions for Improving the Distribution System and Management Scheme of Public Rental Housing
공공임대주택 배분체계 및 관리제도 개선방안 연구 Geun-Yong Kim, Hee-Nam Jung, Pan-Ki Cho, Chun-Gyu Park
RR 2004-26․December 2004․168 pages․Korean
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conditions of public rental housing, rentes' income and costs for public rental housing, and rentee' attitude for distribution and management schemes of public rental housing.
Chapter 4 defines the problems in allocating and managing public rental housing. And Chapter 5 conducts an international comparative study on public rental housing systems.
It includes Japan, England, and U.S.A.
Chapter 6 suggests the policy directions for improving the public rental housing schemes, both for fairly distributing public rental housing and also efficiently managing them. It is summarized as follows; To improve the fairness in distributing public rental housing, the criteria for selecting the target group should be articulated; the mix of supplying types(i.e., building and renting method, buying and renting method, and rents subsiding method) is recommended; the social mix is also recommended by applying the mix of housing sites of selling and renting houses; and the policy mix for low income groups' housing subsidy programs is recommended.
To improve the efficiency in managing public rental housing, the criteria for moving out the rentees need to be articulated, reflecting the changes of their incomes; the measures for encouraging the participation of rentes in managing public rental housing are suggested; and the long-term plans for repairing the physical conditions of public rental housing are to be prepared.
Chapter 7 is a conclusion that summarizes the findings and policy implications, and indicates limitations of the research and tasks for the future research.
