Seoul to Offer Nation’s First Early-Stage Project Loans for Moa Housing, 8 Billion Won for 7 Areas
4 street housing renewal sites and 3 small-scale reconstruction sites
First-ever early-stage project cost loan program
Up to 2 billion won per area; 2.2% annual interest rate
The Seoul Metropolitan Government announced on October 15 that it had selected seven sites for its “Moa Housing Early-Stage Project Cost Loan Support” program, the first of its kind nationwide, and will provide a total of 8 billion won.
As a follow-up to the “Plan to Promote Moa Housing and Moa Town” announced in September 2025, the city will use the Seoul Housing Promotion Fund to provide low-interest loans for design and consulting costs needed immediately after the establishment of an association.
Until now, street housing renewal projects could receive loans for early-stage project costs through the Korea Housing & Urban Guarantee Corporation (HUG). However, the Seoul Metropolitan Government has established its own loan program to meet the sharply increased demand for funds following the expansion of project areas.
The selected areas comprise four street housing renewal projects and three small-scale reconstruction projects. Each area can receive a loan of up to 2 billion won, capped at 5% of the total project cost. The loans carry an annual interest rate of 2.2%, have a term of three years, and require repayment of the principal and interest in a lump sum at maturity. The loans are scheduled to be issued in phases starting in October.
The Seoul Metropolitan Government said the loans will ease associations’ burden of securing funds in the early stages of projects and help Moa Housing renewal projects proceed quickly.
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“Securing funds early in a project is the first hurdle that determines the pace of Moa Housing renewal projects,” said Myung Nojun, head of the Seoul Metropolitan Government’s Housing Office. “We will continue to strengthen our support so that these loans ease associations’ financial burden and help Moa Housing renewal projects move quickly toward construction.”
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