SVS provides match funding for social housing tenant protection funds

21st October, SVS signed an agreement with the Korea Social Housing Association in providing match funding to the association’s tenant protection funds. Through the agreement, social housing providers which often experience short-term liquidity problems thereby unable to return deposits to tenants can benefit from the increased pool of the fund. 

Housing providers raised funds to tackle the possible liquidity issues and the SVS Foundation will double the entire pool of funds through the match funding. Thanks to the tenant protection fund, tenants of social housing will be 100 % guaranteed their safe return of deposits as in case of bankruptcy of the provider; the association will provide the deposit to tenants immediately by accessing the protection fund.

For further details, you can check out the Korea social housing association homepage (in Korean)