This Act and the National Housing and Urban Regeneration Center (hereinafter referred to as the “Center”) are established to implement the housing and urban renewal policy, improve the housing environment, enhance urban functions, benefit public interests, and achieve sustainable urban development.

The Center is an administrative corporation, and its supervisory agency is the Ministry of the Interior (MOI).
The MOI may designate an agency to supervise the Center’s operations.

The Center’s scope of business is as follows:
1. Management of social housing as a trustee.
2. Integration of and investment in Urban renewal project.
3. Implement Urban renewal project.
4. Handle open selections for Urban renewal project and subsequent contract performance management.
5. Management and operation of real estate in social housing and Urban renewal project.
6. Information collection, statistical analysis, research planning, feasibility evaluation and training for housing and urban renewal.
7. Social housing and urban renewal affairs instructed by the supervisor agency.
8. Other matters related to social housing and urban renewal.

The Center’s sources of funding and assets are as follows:
1.The grant allocation, donations and subsidies from the government.
2. Appropriations from the Central Urban Regeneration Fund, Housing Fund, New Town Development Fund, etc.
3. Public land and buildings donated by the government.
4. Public land or buildings purchased by the Center.
5. Donations from domestic and foreign public organizations, group, and individuals.
6. Income from the implementation, operation, and investment in social housing and Urban renewal project.
7. Income from commissioned research and services.
8. Sale of land, buildings and other service facilities.
9. Other income.

Management of social housing by the Center as a trustee, Urban renewal project implemented by the Center, and investments made by the Center in Urban renewal project shall be approved by the board of directors and ratified by the supervisory agencies.
The Center shall adopt its articles of incorporation and regulations governing its own personnel management, accounting system, internal control, auditing, procurement and other requirement. It shall submit such regulations to its board of directors for approval and, upon approval, file them to the supervisory authority for record.
The Center may, without contravening any related law or regulation, draft regulations concerning its execution of public affairs and submit such regulations to its board of directors (council of directors) for approval, and upon approval, file them to the supervisory authority for record.