Innovative Financing Mechanism for Preserving Traditional Housing (Machiya)

Machiya is a general term referring to traditional low-rise workplace-cum-dwelling townhouses. The traditional towns in Kyoto would have many machiya packed tightly and neatly along the streets, thus creating a dense and lively community. To preserve this traditional culture and pass it on to the next generation, Kyoto City and its partners have recently set up several initiatives utilizing innovative financing mechanisms. Their schemes included donations from stakeholders, micro-credits for restoring the machiya, soft loans, and others. This Solution shows how the various financing schemes are helping in preserving the traditional houses.