Proposal of directions for the establishment of loan programs for the promotion of apartment houses maintenance in Korea

Seoul has vast stocks of apartment houses no less than ultra-large cities of the world, but has not made efforts enough for the development of policies to maintain and recycle existing apartment houses by having growth-oriented housing policy like construction of new apartment houses rather than utilizing or re-using existing houses so far. When it has been about 20 years since the apartments in Seoul or the first group of new cities, such as Bundang, Ilsan, etc. were built, requiring remodeling and renovation, loan programs are anticipated to emerge as an important issue for maintenance of the quality, safe utilization and inducement of maintenance of existing houses. This study aims to propose direction for the establishment of apartment house loan programs in Korea by analyzing the apartment houses maintenance loan programs in New York as a model for establishing the apartment house maintenance loan program systems in Korea, and obtained the following results: First, through a survey analysis of the apartment house maintenance environment and housing financing policy of the U.S. and New York city, directions for establishing policies of the apartment house maintenance environment and maintenance policy of Korea were examined. Through the examination, the validity and deficiency of the apartment house maintenance of Korea were identified. Second, through a survey of the subjects, preference contents, application qualifications, and preference conditions of the apartment house maintenance loan programs in New York, the framework of the loan programs of New York was reviewed. Third, based on the framework of the loan programs of New York, a financing plan for the activation of apartment house maintenance was proposed along with the directions of the loan programs in Korea.