Affordable Housing and Local Governance in South Korea: A Fair Share Approach

Abstract

This paper explores the shared governance of local, regional, and central governments to provide affordable housing in Korea. The paper asserts that Korea needs to build proper institutional arrangements with an emphasis of a more responsible role of local and regional governments to produce adequate affordable housing. The paper proposes a local housing planning approach toward developing the future local housing needs for low income households, while recognizing the vital role of local governments in the supply of affordable housing. Using the city of Yongin located in the Seoul Metropolitan Region as a case study area, the paper demonstrates how to develop a model to forecast the future housing needs of Yongin by income quintile and housing size.