Gwangju City Conducts Demand Survey for 'Newlywed Couple Jeon-Wolse Rent Loan Interest' Support

Exclusive Area 85㎡ or Less Rental Housing Jeonse 1%, Monthly Rent 1.5%, Up to 1 Million KRW Once a Year

Reference photo [Asia Economy DB]

[Asia Economy Reporter Ra Young-cheol] Gwangju City in Gyeonggi Province announced on the 11th that it will conduct a demand survey for a project that supports loan interest on jeonse and monthly rent deposits for newlywed couples without housing.

This preliminary demand survey is being conducted until the 29th to alleviate the housing cost burden on newlywed couples who are struggling to secure housing due to soaring real estate prices and skyrocketing jeonse and monthly rent costs.

The support targets newlywed couples who both reside in Gwangju City, have no housing, and belong to households with a median income of 180% or less based on the no-housing standard, within 7 years from the date of marriage registration.

Recipients of livelihood, medical, or housing benefits, residents of public rental housing, and beneficiaries of similar projects such as loans from the Housing and Urban Fund or the Korea Housing Finance Corporation are excluded.

The support amount is up to 1% annually for jeonse and 1.5% for monthly rent of the outstanding loan balance on jeonse and monthly rent deposits for rental housing with a dedicated area of 85㎡ or less located in Gwangju City, with a maximum of 1 million KRW once a year.

The city plans to promote the project from April after the preliminary demand survey, and applications for the demand survey can be submitted through the eup/myeon/dong community service centers.

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