Yeosu-si, Recruitment of Tenants for Jeonse Rental Housing for Low-Income Families

Support up to 60 million won for Jeonse funds, maximum lease period 20 years

Applications open from the 26th to the 3rd of next month

[Asia Economy Honam Reporting Headquarters Reporter Kim Chunsu] Yeosu City, Jeollanam-do announced on the 13th that it is recruiting tenants for the ‘Existing Housing Jeonse Lease’ to stabilize housing for low-income households.

The ‘Existing Housing Jeonse Lease’ is a project in which, when a selected tenant chooses a jeonse house within the support limit, the Korea Land and Housing Corporation signs a contract with the homeowner and subleases it to the tenant.

The recruitment targets are non-homeowner household members who are registered residents and actually reside in Yeosu City as of the 14th, including recipients of livelihood and medical benefits, single-parent families, elderly aged 65 or older, and multi-child families.

The total number of units available is 53, with 21 units allocated to first priority groups such as benefit recipients, single-parent families, and persons with disabilities, 21 units for elderly aged 65 or older, and 11 units for multi-child families.

The support limit per household is 60 million KRW (85 million KRW for multi-child families), and the exclusive residential area of the house must be 85㎡ or less (60㎡ or less for single-person households).

Tenants can reside for up to 20 years, paying 5% of the jeonse deposit (2% for multi-child families) as a rental deposit, and a monthly rent of 1-2% per year on the remaining amount.

Applicants wishing to move in can apply at their local eup/myeon/dong office from the 26th of this month to the 3rd of next month, and inquiries can be made to the Permit Civil Affairs Division, Building Administration Team.

A city official said, “The jeonse lease project has the advantage that low-income households can directly choose the housing they want,” adding, “We will continue to promote demand-tailored rental projects to improve the housing welfare of Yeosu citizens.”

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