(1) Any public housing project operator may supply public rental housing units by leasing existing homes.
(2) Where a public housing project operator supplies public rental housing units pursuant to paragraph (1), the State or a local government may provide a subsidy thereto, using its funds or the Housing and Urban Fund.
(3) The procedures for leasing or subleasing existing homes and matters necessary for the subsidization for a public housing project operator shall be prescribed by Presidential Decree; and standards for leasing, etc. shall be separately determined by the Minister of Land, Infrastructure and Transport.
[This Article Newly Inserted on Aug. 28, 2015]