INTERMEDIARY:The new center’s mandate is to manage social housing and execute renewal projects, but its first task will be to manage a housing unit for Universiade teams
Date: Jun 02, 2017
By: Chen Wei-han / Staff reporter
A national housing and urban renewal agency is to be established to manage public
housing and private renewal projects as well as speed up urban redevelopment, the Cabinet announced yesterday.
The new agency is to receive initial funding of NT$40 billion (US$1.33 billion), while the estimated economic benefits are likely to be more than NT$140 billion, Deputy Minister of the Interior Hua Ching-chun (花敬群) said after the Cabinet approved a draft act on a national housing and urban renewal center.
The center is to be an independent government-funded executive agency, responsible for managing social housing, facilitating as well as executing renewal projects, selecting construction companies and making investments.
The center’s first task will be to manage an athletes’ village in New Taipei City’s Linkou District (林口), a 3,409-unit public housing complex that is to house teams competing in the Taipei Universiade in August, Hua said. [FULL STORY]