Recently, cultural property policies have changed from the preservation of cultural assets to the utilization of cultural assets. In historic villages, more and more traditional housings have been used as lodging facilities. On the other hand, low birth rates, aging population, declining population due to population outflow to the cities, increasing vacant houses, and aging buildings are tasks of historic villages. To be preserved the historic villages continuously, it is time to review how to regenerate and utilize the growing number of vacant houses. This study targets Tambasasayama city, which is drawing attention to the regeneration and utilization of vacant houses among historic Japanese villages. We want to analyze the operation systems and deregulation of a traditional housing regeneration project in Tambasasayama city and draw suggestions for the regeneration and utilization of vacant houses in traditional villages in South Korea.