NHUF makes your house
and city more livable.

Readjusted to meet the needs of changing housing market, NHUF’s function is not limited to delivering stable housing to all people but has expanded to support urban regeneration, which will bring a new hope to our space of life.

HUG will lead the efforts of painting a bigger picture for our housing and cities to meet the needs of new era by not just generating quantitative values but also improving the quality of life for all.

Governance of National Housing and Urban Fund

PAST

  1. Executing Institutions
    • Minister of Land.Environment and Transport
    • Entrust-ment

      Entrusted Bank with Management Functions

      • Tasks : Overall operation and management
      • Tasks : Raise fund (National Housing Bonds, Housing Purchase Subscription Accounts)
      • Tasks : Provide loans to project owners and customers


      Entrusted Bank

      • Tasks : Raise fund (National Housing Bonds, Housing Purchase Subscription Accounts)
      • Tasks : Provide customer loans


CURRENT

  1. Executing Institutions
    • Minister of Land.Environment and Transport
    • Entrust-ment
    • Re-entrustment

      Representative Entrusted Bank

      • Tasks : Provide the vault
      • Tasks : Raise fund (National Housing Bonds, Housing Purchase Subscription Accounts)
      • Tasks : Provide customer loans to project owners and customers


      Entrusted Bank

      • Tasks : Raise fund (National Housing Bonds, Housing Purchase Subscription Accounts)
      • Tasks : Provide customer loans


    • Overall policy management
    • Overall operation and management

NHUF : National Housing & Urban Fund

Background and Directions of NHUF Reorganization

Environmental Changes

  • Macroeconimics,Rapid growth
  • Housing market,Supply shortage
  • Financial environment,High interest rate
  • Diminished growth
  • Lack of demand
  • Low interest rate, Abundant liquidity

With slow economic growth and structural changes in housing market, limits have been found in the existing Fund operation to support rental houses and urban renewal projects

Adjusted Functions of NHUF

  • National Housing Fund
    • Target,Housing
    • Support,Loan
    • Policy Support,Government budget(including NHUF)
    • Policy, Product,Financial institution-focused
    • Operating System,Entrustment of commercial Markets with the NHUF operation
  • NHUF
    • Housing + City
    • Diversified methods including Loan+Finance,Investment, guarantees, etc.
    • Attract private capital
    • Financial consumer-focused
    • Exclusive operating institution

Re-adjusting the functions and innovating the operating system of National Housing Fund that has served one generation, the NHUF intends to attract abundant liquidity in the market to the field of housing welfare and urban renewal projects.

Resources and Usage of NHUF

Housing Account

  • Resources

    • National Housing Bond
    • Housing subscription savings accounts
    • Self-raised Finance
      • Recover finances, inverstment · loans
      • asset securitization
      • interest revenue on loans, etc.
    • Money transferred from general account · national lottery fund, etc.
  • Usage

    • Rental housing construction loan
    • Pre-sale housing construction loan
    • Housing purchase loan
    • Jeonse (full rent deposit) loan
    • Housing remodeling loan
    • Finance for rental housing · current subsidies, etc.

City Account

  • Resources

    • Money transferred / borrowed from housing account
    • Self-raised Finance
      • recover finances, inverstment-loans
      • asset securitization
      • interest revenue on loans, etc.
    • Money transferred / borrowed from Reginal Development Special Account, etc.
  • Usage

    • Urban renewal project loan
    • [Economic Base Type]
      • create economic strongholds through rehabilitation / development of industrial complex, ports, station areas, etc.
    • [Community Regeneration Type]
      • redevelop run-down commerical areas and residential areas

Expected Effects

  1. 1. Diversified methods to supply rental housing such as rental housing REITs through flexible operation of NHUF
  2. 2. Improvement of housing environment for small-size housing residents through rehabilitation of run-down private houses and financial assistance for small-sized rental housing construction
  3. 3. Landscape improvement of commercial facilities and vitalization of community groups formed by residents
  4. 4. Vitalized economic activities through building an economic foothold including urban complex, etc.