The Japan Housing Finance Agency is working with financial institutions to support the proper management of condominiums in the area of financing for management unions.
In October 2019, the Agency itself raised the loan limit for the “partial renovation of condominiums in service”, extended the loan period, and eased loan conditions. They have been discussing loan collection and legal responsibilities with financial institutions. Lawyers and academics are also working on issues and solutions.
While the government is promoting proper management of condominiums, financial institutions close to the community are willing to deal with unions.
The organization, which has provided financing to about 8,500 associations for about 35 years, will help build a sound financing system based on its track record.