Recruitment of Multi-Child and Elderly Tenants for Jeonse Rental Housing... Applications Open from the 26th

First Recruitment for Newly Established Multi-Child Category
Up to 120 Million KRW Support for Jeonse Deposit

(Data from the Ministry of Land, Infrastructure and Transport)

[Asia Economy Reporter Moon Jiwon] The Ministry of Land, Infrastructure and Transport announced on the 13th that starting from the 26th, it will begin recruiting tenants for jeonse rental housing nationwide in 159 cities, counties, and districts for multi-child families, elderly, and general households.

The total number of units available is 7,540, with applications accepted from the 26th until the 3rd of next month. Selected tenants will be announced as early as the end of next month.

This recruitment will, for the first time, include the newly established multi-child category according to the "Measures to Strengthen Housing Support including Guaranteeing Children's Housing Rights," jointly announced by related ministries on October 24 last year. Additionally, the revised eligibility criteria for the elderly category, amended last year, will be newly applied.

The multi-child category is for households without housing that have two or more minor children, with priority given to recipients of basic livelihood security and near-poverty groups. To prioritize families with many children and poor housing conditions, points (up to 9 points) are awarded based on the number of children and current housing conditions, and the final tenant selection order is determined by the highest points within the priority group.

The supply includes 1,500 units for the multi-child category, 3,000 units for the elderly category, and 3,040 units for the general category. For this recruitment, applications will be accepted only from first-priority applicants who urgently need housing support, considering housing demand. Depending on the results of this recruitment, the possibility of a second-priority recruitment in the second half of the year will be reviewed.

For the multi-child category, the maximum jeonse deposit support is up to 120 million KRW based on the metropolitan area, with an additional 20 million KRW support per child starting from the third child. The elderly and general categories will receive support up to 90 million KRW based on the metropolitan area, the same as last year.

Tenants will bear a tenant burden deposit (2-5% of the jeonse support amount) and pay monthly rent with interest (1-2% annually) on the supported amount (95-98% of the jeonse deposit).

Multi-child, elderly, and general households wishing to apply can inquire about details through the Korea Land and Housing Corporation (LH) subscription center notices and the My Home call center.

A Ministry of Land, Infrastructure and Transport official emphasized, "We will faithfully implement housing welfare policies through the establishment of the multi-child public rental housing category," adding, "We will strengthen customized support reflecting the demands of users so that those receiving support can feel their lives improving."

This content was produced with the assistance of AI translation services.