Gyeonggi Urban公 to Supply 371 Jeonse and Purchase Rental Units

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Urban Innovation Corporation is recruiting additional tenants for existing housing jeonse rental and purchase rental to stabilize housing for low-income families. The recruitment target is a total of 371 units, including 320 jeonse rental units and 51 purchase rental units.

This additional recruitment is conducted for residents of Goyang-si and Bucheon-si areas, which were not included in the tenant recruitment announcement on the 1st of this month.

The target housing includes detached houses, multi-family houses, multiplex houses, row houses, apartments, and residential officetels (only apartments for jeonse rental) that are within the national housing size (85㎡) or less.

Applicants must be members of a non-homeowner household residing in cities and counties within the province, including recipients of livelihood and medical benefits, single-parent families under protection, disabled persons with an average monthly urban worker income of 100% or less, and persons with 50% or less of the average monthly urban worker income.

The rental period is initially 2 years for both jeonse rental and purchase rental. If conditions are met, it can be renewed up to 9 times, allowing residence for up to 20 years.

The jeonse deposit limit per household is 90 million KRW, and after excluding the tenant's burden of 5%, up to 85.5 million KRW can be supported.

Tenants pay 5% of the jeonse deposit as a deposit and monthly rent at an interest rate of 1-2% per year.

In particular, the interest rate is reduced by up to 0.5 percentage points depending on the number of minor children, and a preferential interest rate of 0.2 percentage points is applied to livelihood and medical benefit recipients.

For purchase rental housing, through the 'Gyeonggi-do Purchase Rental Housing Rental Deposit Support Project' supported by Gyeonggi Province, 50% of the rental deposit, up to 2.5 million KRW, can be supported. Tenants only need to pay monthly rent at about 30% of the nearby market price.

Applications can be submitted from the 6th to the 10th at the administrative welfare center (eup, myeon, dong office) of the applicant's registered residence.

For more details, please check the tenant recruitment announcement posted on the Gyeonggi Urban Innovation Corporation website (www.gico.or.kr) and the respective city and county administrative welfare centers.

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