Chungnam-style Happy Housing, First Beneficiary Household of Rent Reduction Emerges

[Asia Economy (Hongseong) Reporter Jeong Il-woong] The first household to receive rent reduction benefits under the Chungnam-type Happier Housing (hereinafter referred to as Happy Housing) has emerged. The protagonists are the couple Byun Young-seop and Kim Hye-jin, who moved into the Chungnam Happy Housing located in Dujeong-dong, Cheonan last year and received rent reductions after giving birth.

According to Chungnam Province on the 16th, Happy Housing offers a rent reduction of 50% (for the first child) to 100% (for the second child) when a child is born after moving in. Additionally, the residence period can be extended from the basic 6 years up to 10 years depending on the birth of children.

For example, the rent that the Byun couple will have to pay in the future has been reduced from 150,000 KRW to 75,000 KRW, and the residence period has been extended to 10 years. Previously, the Byun couple moved into the purchased-type Chungnam Happy Housing in Dujeong-dong, Cheonan in November last year and gave birth to a child on December 5th.

Happy Housing is one of the province’s low birth rate overcoming projects aimed at creating a marriage and childbirth-friendly environment by supplying housing with low housing cost burdens. The Byun couple became the first beneficiaries of this project.

The province plans to supply a total of 1,000 Happy Housing units by next year, including 900 newly constructed units and 100 purchased units (existing apartments). The newly constructed units will be supplied as 600 units in Asan, 100 units in Dangjin, 75 units in Hongseong (Naepo New Town), 75 units in Yesan, 45 units in Cheonan, and 25 units in Seocheon.

Additionally, 20 purchased units will be supplied as a pilot project, including 10 units in Cheonan, 3 units in Boryeong, and 7 units in Seosan, with the province having already completed the tenant selection and supply procedures. The remaining 80 units will be announced for purchase later.

Yang Seung-jo, Governor of Chungnam Province, said, “We will steadily promote the construction and purchase plans for Happy Housing so that more newlyweds can worry less about housing,” and added, “We hope that Happy Housing will become a new hope for the younger generation who hesitate about marriage and childbirth.”

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