Fire and Pungsuhaeng Experienced by Youth-Headed Households, Free Jeonse Rental Housing Support

[Asia Economy Reporter Yoo In-ho] The government will provide free jeonse rental housing to child-headed households that have experienced disasters such as fires and typhoons.

The Ministry of Land, Infrastructure and Transport plans to expand the scope and support contents of the jeonse housing support project for child-headed households by revising and implementing the "Jeonse Housing Support Work Guidelines for Child-Headed Households, etc." from the 28th, which includes disaster-affected child-headed households as support targets.

The child-headed household support project provides free jeonse funds to child-headed households, foster children, families of children who lost parents in traffic accidents, and those discharged from child welfare facilities, covering the protection period of the child or until the child turns 20 years old.

The selection criteria are households without home ownership and a monthly average income per household member below the urban worker household income of the previous year (5.62 million KRW for a 3-person household). The income criteria do not apply to those discharged from child welfare facilities.

For up to five years after the protection period ends at child welfare facilities, 50% of the interest (1-2% per annum) is reduced. From this month, the support limit and the amount of support according to the number of children have been significantly strengthened.

In the metropolitan area, the maximum jeonse fund support limit, which was 90 million KRW, has been raised to 120 million KRW (for two persons). For households with three or more children, an additional 20 million KRW per child is provided, enabling support for appropriately sized housing necessary for child growth.

The main changes in the child-headed household support project due to this guideline revision are as follows.

Households without home ownership with children under 18 years old who have died or suffered severe aftereffects due to disasters are now included in the free jeonse rental support target. In this case, the income requirement must meet the previous year's urban worker monthly average income or below.

Previously, the jeonse deposit limit was allowed up to 200% of the support limit, but considering jeonse market prices, it has been expanded to 250% of the support limit.

For those receiving 120 million KRW in support, before the revision, they could contract jeonse housing up to 240 million KRW, but after the revision, contracts up to 300 million KRW are possible.

Households wishing to apply can do so at the local community center or city/county/district office of their residence, and families of children who lost parents in traffic accidents can apply at the Korea Transportation Safety Authority.

Chwa Areum, Director of the Public Housing Support Division at the Ministry of Land, Infrastructure and Transport, said, "With this guideline revision, housing support for families with children affected by disasters is expected to be strengthened," and added, "We will continue to actively discover children in crisis who are in blind spots and promote customized housing support considering each household's circumstances."

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