A Study on factors for sluggish activation of Cooperative Publicly-funded Private Rental Housing

Abstract

The purpose of this study is to analyze the Westay which have been proposed as an alternative housing type for ensuring the expansion of public housing and community recovery as the pilot project in order to derive the reasons why the additional cooperative publicly-funded private rental housing projects have not been implemented. Based on the interviews with the skateholder groups, a summary of the main contents derived and the survey results are as follows. First, there is a widespread negative perception of cooperative housing as having an abnormal operational structure, calling for the need to improve such perception. Second, the project procedures and structures of Westay Byeollae have procedural problems, such as exclusion of residents’ cooperative from participating in the project and lack of guidelines. Third, the cooperative publicly-funded private rental housing has a complex structure, in which the public, private businesses, and cooperative members participate, resulting in conflicts between stakeholders with respect to each party’s roles. Lastly, the group involved in the project asserted that implementation of additional cooperative publicly-funded private rental housing, which was carried out as a pilot project, has not been active owing to the lack of trust in the union, complexity of the project structure, and concerns over preferential treatment commonly linked to cooperative housing projects. This study derived the reasons, why the cooperative publicly-funded private rental housing was not additionally implemented, based on the interviews of the stakeholder groups who are directly or indirectly involved in the cooperative publicly-funded private rental housing project. Henceforward, it is expected that the results of this study will be helpful for the effective policy analysis and implication for the revitalization of the cooperative publicly-funded private rental housing.